Schedule 2: Transitionals and savings etc. Part 9: Exempt income Paragraph 143: Purchased life annuity payments: old determinations concerning capital elements
3681.This paragraph ensures that determinations as to the capital element of a purchased life annuity made before 6 April 2005 translate into exempt amounts for the purposes of Chapter 7 of Part 6 of this Act so that the determination continues to have effect after 6 April 2005.