SCHEDULES

SCHEDULE 5Pension schemes: collective money purchase benefits

PART 1Amendments of Part 4 of FA 2004

I112

1

Section 226 (overseas scheme transfers: other arrangements) is amended as follows.

2

In subsection (5)—

a

after paragraph (a) insert—

aa

what would be the other money purchase relevant relievable amount (under that section) if that arrangement had been 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 ”.