739. Relationship with rule against perpetuities.

739.     Relationship with rule against perpetuities.

Special provision as to the rule against perpetuities is made by the Perpetuities and Accumulations Act 2009 for relevant pension schemes. In respect of instruments taking effect on or after 6 April 20101, the rule does not apply to an interest or right arising under a relevant pension scheme2. This exception, however, does not apply if the interest or right arises under: (1) an instrument nominating benefits under the scheme; or (2) an instrument made in the exercise of a power of advancement arising under the scheme3.