SCHEDULES
C1SCHEDULE 28Registered pension schemes: authorised pensions—supplementary
Part 2Pension death benefit rules
F1Meaning of “successor”
Sch. 28 paras. 27A-27K and cross-headings inserted (17.12.2014) (with effect in accordance with Sch. 2 para. 3(2) of the amending Act) by Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 3(1)
27F
1
“Successor of the member” means an individual—
a
nominated by a dependant of the member,
b
nominated by a nominee of the member,
c
nominated by a successor of the member, or
d
nominated by the scheme administrator,
but see sub-paragraph (2).
2
In relation to any particular benefits under an arrangement relating to a dependant, nominee or successor of the member (“the beneficiary”) in that capacity, no individual nominated by the scheme administrator counts as a successor of the member at any time after the beneficiary's death when there is an individual, or charity, nominated by the beneficiary in relation to the benefits.
3
A reference in sub-paragraph (2) to being nominated in relation to particular benefits under an arrangement includes—
a
a reference to being nominated in relation to the scheme,
b
a reference to being nominated in relation to arrangements that include the arrangement,
c
a reference to being nominated in relation to the arrangement, and
d
a reference to being nominated in relation to benefits that include the particular benefits.
4
Where a successor of the member is an individual who is also a dependant of the member, the individual in the capacity of a successor of the member is to be treated as not also being a dependant of the member.
Sch. 28 modified by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 14 (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by S.I. 2012/1795, regs. 1(1), 5)