Regulation 41 Amendment of regulation 49

In regulation 5 of the Personal Pension Schemes (Payments by Employers) Regulations 2000^f1 (prescribed period for the purpose of calculating the due date for the payment of any contributions on behalf of an employee) as substituted by regulation 49 (amendment of the Personal Pension Schemes (Payments by Employers) Regulations 2000)—

(a)

in paragraph (1) for the words “is the period” to the end, substitute—

“is the period of—

(a)
where the contribution payable under the direct payment arrangements is paid to the trustees or managers of the scheme by means of an electronic communication, 22 days; or

(b)
in any other case, 19 days,

commencing on the day following the last day of the month in which the deduction was made from the employee’s earnings.”; and

(b)

in paragraph (2) for “a jobholder” substitute “an employee”; and

(c)

in paragraph (3)—

(i)

after the definition of “automatic re-enrolment date”, insert—

““electronic communication” has the meaning given in section 15 of the Electronic Communications Act 2000;”; and

(ii)

in the definition of “opt out period” after “section 3(2)” insert “, 5(2) or 7(3)”.

Annotations

Footnotes

f1: S.I. 2000/2692. Regulation 5 was substituted by S.I. 2010/772, regulation 49.