Retirement benefits schemes: sickness, death and retirement benefits
For the purpose of relief under TCGA92/S237 the term `any allowance, annuity or capital sum payable out of any superannuation fund’ should be taken as including
- sickness, death and retirement benefits, from trade union funds where these are contractual;
- payments from friendly societies where there is no policy of assurance; and
- payments under death benefit schemes which take the form of term life assurance up to the date of retirement.