SCHEDULES
SCHEDULE 5Pension schemes: collective money purchase benefits
PART 1Amendments of Part 4 of FA 2004
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(1)
Section 237 (hybrid arrangements) is amended as follows.
(2)
In subsection (1), after “amounts A,” insert “AA,”.
(3)
After subsection (3) insert—
“(3A)
Input amount AA is what would be the pension input amount under section 233 if the benefits provided to or in respect of the individual under the arrangement were collective money purchase benefits.”
(4)
In subsection (4), for “other money purchase benefits” substitute “money purchase benefits that are not cash balance benefits or collective money purchase benefits”.