Paragraph 1 F1
(1)
In this Part—
“defined benefits scheme”, “hybrid scheme” and “money purchase scheme” have the meanings given in section 99 of the Pensions Act 2008;
“Master Trust scheme” has the meaning given in section 1 of the Pension Schemes Act 2017.
(2)
Where an occupational pension scheme—
(a)
is both a Master Trust scheme and a money purchase scheme; or
(b)
is both a Master Trust scheme and a hybrid scheme,
the scheme shall be treated for the purposes of this Part as a Master Trust scheme.
Annotations
Textual amendments
- F1
Sch. inserted (1.4.2021) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2021 (S.I. 2021/214), regs. 1(1), 2(4)