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.