Paragraph 9 I1I2

In section 87 (schedules of payments to money purchase schemes), after subsection (1) insert—

“(1A)

Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021 (see section 1(2)(b) of that Act) is to be treated for the purposes of this section and section 88 as an occupational pension scheme which is a money purchase scheme.”