SCHEDULES

SCHEDULE 5Pension schemes: collective money purchase benefits

PART 1Amendments of Part 4 of FA 2004

I16

1

Section 182 (unauthorised borrowing: money purchase arrangements) is amended as follows.

2

In the heading, at the end insert “ other than collective money purchase arrangements ”.

3

In subsection (1), after “money purchase arrangement” insert “ that is not a collective money purchase arrangement ”.

4

In subsection (8), after “defined benefits” insert “ or collective money purchase benefits ”.