money-purchase benefits
- (1) (except in COMP COMP ) 27(in relation to an occupational pension scheme) benefits the rate or amount of which are calculated by reference to a payment or payments made by a member of the scheme.3
- (2) (in COMP ) in relation to a member of a personal pension scheme or an occupational pension scheme or the widow or widower of a member of such a scheme, means benefits the rate or amount of which is calculated by reference to a payment or payments made by the member or by any other person in respect of the member and which are not average salary benefits.27