SCHEDULES

SCHEDULE 16Benefits under pension schemes

Part 2Consequential amendments

Finance Act 2004

70

1

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

2

In subsection (3)—

a

in paragraph (a), for “member's unsecured pension fund or alternatively secured pension fund” substitute “ member's drawdown pension fund ”;

b

in paragraph (b), for “dependants' unsecured pension funds or alternatively secured pension funds” substitute “dependants' drawdown pension funds”.

3

In subsection (5), for “unsecured pension fund or alternatively secured pension fund” substitute “ drawdown pension fund ”.