SCHEDULES

SCHEDULE 5Pension schemes: collective money purchase benefits

PART 1Amendments of Part 4 of FA 2004

I111

1

Section 223 (non-residence: other arrangements) is amended as follows.

2

In subsection (5)—

a

after paragraph (a) insert—

aa

what would be the other money purchase arrangement non-residence factor (under that section) if the arrangement were a collective money purchase arrangement,

b

in paragraph (b), for “any other sort of money purchase arrangement” substitute “ a money purchase arrangement other than a cash balance arrangement or a collective money purchase arrangement ”.