Schedule
(Section 2)
EXCLUDED ACCOUNT
A. Pension account
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1. A pension fund approved by the Comptroller of Inland Revenue under section 63 of the Income Tax Act.
B. (Deleted by S.I. 8/2019)
C. Dormant account
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1. A dormant account is an account —
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(a) other than an annuity contract, with a balance of or less than One Thousand United States Dollars;
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(b) in which the account holder has not initiated a transaction with regard to the account or any other account held by the account holder with the Reporting Financial Institution in the previous three years;
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(c) in which the account holder has not communicated with the Reporting Financial Institution regarding the account or any other account held by the account holder with the Reporting Financial Institution in the previous six years;
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(d) in the case of a cash value insurance contract, the Reporting Financial Institution has not communicated with the account holder regarding the account or any other account held by the account holder with the Reporting Financial Institution in the previous six years.
(Substituted by S.I. 8/2019)
D. (Deleted by S.I. 8/2019)