Paragraph 120
United Kingdom
(1)
The plan may provide for the company to issue a plan termination notice in respect of the plan in such circumstances as are specified in the plan.
(2)
The plan must provide that, where a plan termination notice is issued, a copy of the notice is to be given, without delay, to—
(a)
the Inland Revenue,
(b)
the trustees, and
(c)
each individual—
(i)
who has plan shares, or
(ii)
who has entered a partnership share agreement which was in force immediately before the notice was issued.
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)