40(1)Relief in respect of contributions made by a member under pre-commencement retirement annuity arrangements is not required to be given in accordance with section 192 (relief at source).U.K.
(2)If relief in respect of contributions made by a member under pre-commencement retirement annuity arrangements is not given in accordance with section 192, relief in respect of the contributions is to be given in accordance with section 194 (relief on making of claim).
(3)“Pre-commencement retirement annuity arrangements” means—
(a)an annuity contract or trust scheme approved under section 620 or 621 of ICTA, or
(b)a substituted contract within the meaning of section 622(3) of ICTA.
Modifications etc. (not altering text)
C1Sch. 36 para. 40(3) modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 27(1)(2)(5)