Perpetuities and Accumulations Act 2009

The Perpetuities and Accumulations Act 2009 (c. 18) is an Act of the Parliament of the United Kingdom that reforms the rule against perpetuities and the law relating to accumulations of income in trusts.

Perpetuities and Accumulations Act 2009^[1]

Parliament of the United Kingdom
Long title	An Act to amend the law relating to the avoidance of future interests on grounds of remoteness and the law relating to accumulations of income.
Citation	2009 c 18
Introduced by	Bridget Prentice MP, Parliamentary Under-Secretary of State for Justice (Commons) Lord Bach (Lords)
Territorial extent	England and Wales[2]
Dates
Royal assent	12 November 2009
Status: Current legislation
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Act resulted from a Law Commission report published in 1998.^[3][4] It abolishes the rule against perpetuities in most non-trust contexts, such as easements.^[3] In relation to wills, however, the Act only applies to wills drawn up after 6 April 2010. A will drawn up before 6 April but executed later (upon the death of the testator) will continue to be bound by prior rules.^[5]

Commencement

Sections 22 to 24 came into force on 12 November 2009^[6]

Sections 1 to 21 and the Schedule came into force on 6 April 2010.^[7]

See also

• Perpetuities and Accumulations Act 1964