SCHEDULES

SCHEDULE 5Pension schemes: collective money purchase benefits

PART 1Amendments of Part 4 of FA 2004

3

(1)

In section 165 (pension rules), subsection (1) is amended as follows.

(2)

In pension rule 3, after “defined benefits arrangement” insert “ or a collective money purchase arrangement ”.

(3)

In pension rule 4, after “money purchase arrangement” insert “ that is not a collective money purchase arrangement ”.