The Principal Act is amended by inserting the following after Part 36A:

"Part 36B Pensions: incentive tax credits

Interpretation (Part 36B).

848V. In this Part -

'additional voluntary contributions' and 'retirement benefits scheme' have, respectively, the meanings assigned to them in section 770;

'administrator' means, subject to section 848AD -

(a) in the case of a PRSA, a PRSA administrator,

(b) in the case of a retirement benefits scheme, an administrator within the meaning of section 770, and

(c) in the case of an annuity contract, a person mentioned in section 784 who is lawfully carrying on the business of granting annuities on human life, including the person mentioned in section 784(4A) (ii);

'annuity contract' means an annuity contract or a trust scheme or part of a trust scheme for the time being approved by the Revenue Commissioners under section 784;

'gross funds', 'maturity date', 'maturity statement', 'maturity tax' and 'net funds', in relation to a special savings incentive account have, respectively, the meanings assigned to them in section 848H(5);

'gross income', in relation to an individual for a year of assessment, means the aggregate of -