SCHEDULES

SCHEDULE 5Pension schemes: collective money purchase benefits

PART 1Amendments of Part 4 of FA 2004

17

1

Section 227G (when pension rights are first flexibly accessed) is amended as follows.

2

In subsection (9)(a), for “money purchase” substitute “ relevant ”.

3

After subsection (9) insert—

9A

In subsection (9), “relevant arrangement” means a money purchase arrangement that is not a collective money purchase arrangement.