{
  "url": "https://openlegislation.uk/community-interest-company-regulations-2005/schedule-4A/paragraph-10",
  "json_url": "https://openlegislation.uk/community-interest-company-regulations-2005/schedule-4A/paragraph-10.json",
  "legislation": "uksi/2005/1788",
  "legislation_title": "The Community Interest Company Regulations 2005",
  "legislation_url": "https://openlegislation.uk/community-interest-company-regulations-2005",
  "path": "schedule/4A/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": "Meaning of “pension scheme” and related expressions",
  "text": "(1) In this Schedule—\n“pension scheme” means a retirement benefits scheme within the meaning given by section 150(1) of the Finance Act 2004 which is—\n(a)one in which the company participates, or\n(b)one to which the company paid a contribution during the financial year, and\n“retirement benefits” means relevant benefits within the meaning given by section 393B of the Income Tax (Earnings and Pensions) Act 2003 read as if subsection (2) were omitted.\n(2) In this Schedule, “company contributions”, in relation to a pension scheme and a director, means any payments (including insurance premiums) made, or treated as made, to the scheme in respect of the director by a person other than the director.\n(3) In this Schedule, in relation to a director—\n“defined benefits” means retirement benefits payable under a pension scheme that are not money purchase benefits,\n“defined benefit scheme” means a pension scheme that is not a money purchase scheme,\n“money purchase benefits” means retirement benefits payable under a pension scheme the rate or amount of which is calculated by reference to payments made, or treated as made, by the director or by any other person in respect of the director and which are not average salary benefits, and\n“money purchase scheme” means a pension scheme under which all of the benefits that may become payable to or in respect of the director are money purchase benefits.\n(4) Where a pension scheme provides for any benefits that may become payable to or in respect of any director to be whichever are the greater of—\n(a) money purchase benefits as determined by or under the scheme, and\n(b) defined benefits as so determined,\nthe company may assume for the purposes of this paragraph that those benefits will be money purchase benefits, or defined benefits, according to whichever appears more likely at the end of the financial year.\n(5) For the purpose of determining whether a pension scheme is a money purchase or defined benefit scheme, any death in service benefits provided for by the scheme are to be disregarded.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 4A inserted (7.8.2018 with application in accordance with reg. 1(3) of the amending S.I.) by The Companies (Miscellaneous Reporting) Regulations 2018 (S.I. 2018/860), reg. 1(3), Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1788/schedule/4A/paragraph/10",
    "retrieved_at": "2026-11-09T03:31:00.086408+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}