SCHEDULES

SCHEDULE 5 U.K.Pension schemes: collective money purchase benefits

PART 1 U.K.Amendments of Part 4 of FA 2004

11 (1) Section 223 (non-residence: other arrangements) is amended as follows. U.K.

(2) In subsection (5)—

(a) after paragraph (a) insert—

“(aa) what would be the other money purchase arrangement non-residence factor (under that section) if the arrangement were a collective money purchase arrangement,”;

(b) in paragraph (b), for “any other sort of money purchase arrangement” substitute “ a money purchase arrangement other than a cash balance arrangement or a collective money purchase arrangement ”.