PART 2

Collective money purchase benefits: Northern Ireland

Definitions

Collective money purchase benefits and schemes
52
1
For the purposes of this Part, a benefit provided under a pension scheme is a “collective money purchase benefit” if—
a
the benefit is a qualifying benefit (see section 53), and
b
the scheme is a qualifying scheme (see sections 54 and 55).
2
In this Part “collective money purchase scheme” means—
a
a qualifying scheme, or
b
a section of a qualifying scheme (see sections 54(6) to (9) and 56),
under which all of the benefits that may be provided are qualifying benefits.
S. 52 in force at Royal Assent for specified purposes, see s. 131(3)(a)