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6.—(1) No account shall be taken of the benefits specified in sub-paragraph (2) when determining, for the purposes of this Schedule—
(a)the assets available to be used to discharge a liability of a qualifying pension scheme;
(b)the liabilities of such a scheme; and
(c)the annual rate of pension from such a scheme.
(2) The specified benefits are—
(a)money purchase benefits;
(b)benefits derived from the payment of voluntary contributions where, on the winding up of the scheme, the assets of the scheme have first been applied to satisfy liabilities in respect of those benefits; and
(c)any guaranteed minimum pension where an accrued rights premium or a pensioner’s right’s premium was paid in respect of the qualifying member.
(3) In sub-paragraph (2)(c), “accrued rights premium” and “pensioner’s right’s premium” respectively have the meaning given in section 55(6)(a) and (b) of the 1993 Act as in force before 6th April 1997(1).
Section 55 is repealed in part and amended by the 1995 Act, sections 141 and 151 and Schedule 5, paragraph 50.
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