Voluntary contributions4
1
Section 10 of the 1993 Act (additional benefits from voluntary contributions) is amended as follows.
2
In subsection (4) (what regulations may not do or must do) in paragraph (b), (which refers to a limit fixed by or under section 594 of the Income and Corporation Taxes Act 19887), omit “either or both of the following, that is to say” and sub-paragraph (ii) and the word “or” before it.
3
In subsection (8) (interpretation)—
a
omit the definition of “relevant benefits”,
b
in the definition of “retained benefits”, omit “relevant” and for “has, or which may be expected to qualify for, tax-exemption or tax approval” substitute “is registered under Part 4 of the Finance Act 2004”, and
c
omit the definitions of “tax-exemption” and “tax-approval”.