SCHEDULES
SCHEDULE 5Pension schemes: collective money purchase benefits
PART 1Amendments of Part 4 of FA 2004
I18
1
Section 184 (unauthorised borrowing: other arrangements) is amended as follows.
2
In subsection (1), for “arrangement which is not a money purchase arrangement” substitute “
relevant arrangement
”
.
3
After subsection (1) insert—
1A
In this section “relevant arrangement” means an arrangement that—
a
is not a money purchase arrangement, or
b
is a collective money purchase arrangement.
4
In subsection (2), in the definition of APB, for “arrangements which are not money purchase arrangements” substitute “
relevant arrangements
”
.
5
In subsection (3), in paragraphs (a) and (b), for “not money purchase arrangements” substitute “
relevant arrangements
”
.