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Paragraph 10 Contributions under money purchase arrangements

Original text. Later amendments are not shown.

Under a money purchase arrangement—

(a)

different rates of member or employer contributions according to the age of the members by or in respect of whom contributions are made where the aim in setting the different rates is—

(i)

to equalise the amount of benefit to which members of different ages who are otherwise in a comparable situation will become entitled under the arrangement, or

(ii)

to make the amount of benefit to which such members will become entitled under the arrangement more nearly equal;

(b)

equal rates of member or employer contributions irrespective of the age of the members by or in respect of whom contributions are made.