Additional voluntary contributions
7 No increase for benefits deriving from additional voluntary contributions.
1
In section 8 of the Increase Act (meaning of “pension” etc.) after paragraph (c) of subsection (1) there shall be added the words—
but does not include any money purchase benefits.
2
In section 9 of that Act (application of pensions provisions to lump sum payments etc, other than the return of contributions with or without interest) in subsection (1) after the word “interest” there shall be inserted the words “
(or any money purchase benefits)”
.
3
In section 17(1) of that Act (definitions) there shall be inserted at the appropriate place—
“money purchase benefits” has the meaning given by section 84(1) of the Social Security Act 1986