Regulation 4 Qualifying schemes

(1)

For the purposes of section 3(8) of the Act (qualifying schemes), the characteristics prescribed are—

(a)

the rate or amount specified in the rules of the scheme by reference to which qualifying benefits are provided each year under the scheme;

(b)

the rate or amount of contributions paid by the employer;

(c)

the rate or amount of contributions paid by the employee;

(d)

the normal pension age as specified in the rules of the scheme.

(2)

In this regulation, “normal pension age” has the meaning given in section 76(1) of the Pension Schemes Act 2015^f1 (interpretation of Part 4).

Annotations