SCHEDULES
SCHEDULE 5Pension schemes: collective money purchase benefits
PART 1Amendments of Part 4 of FA 2004
I113
1
Section 227B (the alternative chargeable amount) is amended as follows.
2
In subsection (2), for “AA” (in both places it occurs) substitute “
X
”
.
3
In subsection (5), in paragraph (b)(i), after “A” insert “
, AA
”
.
4
In subsection (5), in paragraph (b)(ii)—
a
after “greater” insert “
or greatest
”
;
b
after “A” insert “
, AA
”
;
c
for “both” substitute “
at least two of those amounts
”
.
5
In subsection (5), in the closing words—
a
after “A” (in both places it occurs) insert “
, AA
”
;
b
after “greater” insert “
or greatest
”
.