Annuities Purchased Where Certain Claims or Actions are Settled

Part of New clause 13 – in the House of Commons at 4:20 pm on 3rd April 1995.

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(12) This section does not apply unless the sum concerned is received after the day on which the Finance Act 1995 is passed, but it is immaterial when—

  1. (a) the agreement mentioned in subsection (1) above is made or takes effect, or
  2. (b) either of the agreements mentioned in subsection (2) above is made or takes effect.
Annuities assigned in favour of certain persons