# Pension Schemes Act 2021, Section 1: Collective money purchase benefits and schemes

Extent: E+W+S

(1) For the purposes of this Part, a benefit provided under a pension scheme is a “collective money purchase benefit” if—
(a) the benefit is a qualifying benefit (see section 2), and
(b) the scheme is a qualifying scheme (see sections 3 and 4).
(2) In this Part “collective money purchase scheme” means—
(a) a qualifying scheme, or
(b) a section of a qualifying scheme (see sections 3(6) to (9) and 5),
under which all of the benefits that may be provided are qualifying benefits.
(3) In this Part—
“single or connected employer scheme” means a collective money purchase scheme not used, or intended to be used, by any employers other than—
(a)a single employer, or
(b)two or more employers that are connected with each other;
“unconnected multiple employer scheme” means a collective money purchase scheme used, or intended to be used, by two or more employers, some or all of which are not connected with each other.

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Source: https://www.legislation.gov.uk/ukpga/2021/1/section/1 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2021/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.