Reply To: New schedule 5ZA


Regs 21 to 45 as is don’t apply to pensioners (Reg 8 in 325); Sched 5 as is applies by virtue of existing Reg 38, which is within the obliterated range.

So the only schedule that will apply to pensioners’ capital is the new one.

I think the only practicable way to read the Regs post-October will be to maintain two completely separate copies, one for pensioners and one for others, each with the irrelevant passages deleted.