Regulation 3 Amendment of the Personal Pension Schemes (Payments by Employers) Regulations 2000

For paragraphs (2) and (3) of regulation 5 of the Personal Pension Schemes (Payments by Employers) Regulations 2000^f1 (prescribed time for the purpose of calculating the due date for the payment of any contribution on behalf of an employee) substitute—

“(2)

Where an employee becomes an active member of a relevant scheme, in relation to contributions deducted in the relevant period, the prescribed period for the purposes of section 111A(15)(b) of the 1993 Act is the period commencing on the day on which the first deduction in the relevant period is made and ending —

(a)

where the contribution is paid to the trustees or managers of the scheme by means of electronic communication, on the 22nd day of the month following the last day of the relevant period; or

(b)

in any other case, on the 19th day of the month following the last day of the relevant period.

(3)

For the purposes of this regulation—

• “the 2008 Act” means the Pensions Act 2008;

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

• “relevant period” means a period of three months commencing on the date from which active membership is effective; and

• “relevant scheme” means—

  1. (a)

     a scheme which is a qualifying scheme in relation to the person under section 16 of the 2008 Act; or

  2. (b)

     where the person is enrolled in the scheme pursuant to section 9 of the 2008 Act, a scheme which meets the requirements of section 9.”.