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SCHEDULES

SCHEDULE 5Pension schemes: collective money purchase benefits

PART 1Amendments of Part 4 of FA 2004

6(1)Section 182 (unauthorised borrowing: money purchase arrangements) is amended as follows.

(2)In the heading, at the end insert “other than collective money purchase arrangements”.

(3)In subsection (1), after “money purchase arrangement” insert “that is not a collective money purchase arrangement”.

(4)In subsection (8), after “defined benefits” insert “or collective money purchase benefits”.