This section has no associated Explanatory Notes
9E+W+SIn section 87 (schedules of payments to money purchase schemes), after subsection (1) insert—
“(1A)Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section and section 88 as an occupational pension scheme which is a money purchase scheme.”
Commencement Information
I1Sch. 3 para. 9 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I2Sch. 3 para. 9 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)