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
”
.