Finance Act 2000

4(1)Amend section 611 as follows.U.K.

(2)In subsection (1) (which defines “retirement benefits scheme" for the purposes of Chapter I and specifies certain schemes which are excluded) after “but does not include" insert “ (a) ” and at the end add ; or

(b)any scheme providing such benefits which is an approved personal pension scheme under Chapter IV of this Part.

(3)In subsection (3) (power to treat retirement benefits scheme as two or more separate such schemes for the purposes of Chapter I)—

(a)omit “retirement benefits" in both places; and

(b)after “for the purposes of this Chapter" insert “ and Chapter IV of this Part ”.

(4)In subsection (4)(a) (classes or descriptions of employees with different employers) for “employees" substitute “ scheme members ”.

(5)In subsection (6) (definition of “scheme member”) at the end of paragraph (b) add ; or

(c)if the scheme is an approved personal pension scheme under Chapter IV of this Part, any other person who is a member of the scheme..