PART 2 Collective money purchase benefits: Northern Ireland

Definitions

52 Collective money purchase benefits and schemes

(1) For the purposes of this Part, a benefit provided under a pension scheme is a “collective money purchase benefit” if—

(a) the benefit is a qualifying benefit (see section 53), and

(b) the scheme is a qualifying scheme (see sections 54 and 55).

(2) In this Part “collective money purchase scheme” means—

(a) a qualifying scheme, or

(b) a section of a qualifying scheme (see sections 54(6) to (9) and 56),

under which all of the benefits that may be provided are qualifying benefits.