
1 
These Regulations may be cited as the Personal Pension Schemes (Tables of Rates of Annuities) Regulations 1996 and shall come into force on 5th June 1996.
2 
In these Regulations—
 “member” and “personal pension scheme” have the meanings given by section 630(1) of the Taxes Act;
 “protected rights” has the meaning given by section 10 of the Pension Schemes Act 1993;
 “the Taxes Act” means the Income and Corporation Taxes Act 1988.
3 
The tables of rates of annuities mentioned in section 630(2)(b) of the Taxes Act, being tables prepared by the Government Actuary for the purposes of Chapter IV of Part XIV of that Act (personal pension schemes), shall be prepared with respect to rights of a member, or of a widow or widower of a member or of a dependant of a deceased member, under a personal pension scheme—
(a) where the rights are protected rights, in accordance with the provisions of regulation 5B(2) and (3) of the Personal and Occupational Pension Schemes (Protected Rights) Regulations 1987;
(b) where the rights are other than protected rights, in accordance with the basis specified in regulation 4.
4 
The basis specified in this regulation is that—
(a) separate tables are prepared for men and for women;
(b) no distinction is made by reference to the marital status of a member, or the marital status of a widow or widower of a member or of a dependant of a deceased member;
(c) no provision is made for annuity payments to continue after death;
(d) the annuity is payable monthly in arrears with no guaranteed period of payment;
(e) no increases to the annuity are payable.
S C T Matheson
C W Corlett
Two of the Commissioners of Inland Revenue
14th May 1996