Finance Act 2017

Amendment of section 85 of Principal Act (exemption relating to retirement benefits)

70. Section 85 of the Principal Act is amended in subsection (1)—

(a) in paragraph (a) by substituting “Taxes Consolidation Act 1997,” for “Taxes Consolidation Act 1997, or”,

(b) in paragraph (b)—

(i) by substituting “under subsection (4) or (4B), as the case may be, of section 787G of that Act” for “under section 787G(4) of that Act”, and

(ii) by substituting “to an individual, or” for “to an individual,”,


(c) by inserting the following after paragraph (b):

“(c) a vested RAC within the meaning of section 787O(1) of the Taxes Consolidation Act 1997 ,”.