Section 150 Meaning of “pension scheme”

In this Part “pension scheme” means a scheme or other arrangements, comprised in one or more instruments or agreements, having or capable of having effect so as to provide benefits to or in respect of persons—

A pension scheme is a registered pension scheme for the purposes of this Part at any time if it is at that time registered under Chapter 2.

In this Part “public service pension scheme” means a pension scheme—

In subsection (3) “a relevant governmental or Parliamentary person or body” means—

In this Part “occupational pension scheme” means a pension scheme established by an employer or employers and having or capable of having effect so as to provide benefits to or in respect of any or all of the employees of—

(whether or not it also has or is capable of having effect so as to provide benefits to or in respect of other persons).

This Part applies in relation to certain pension schemes that are not occupational pension schemes as it applies in relation to occupational pension schemes (see section F3274ZA and paragraph 1(4A) of Schedule 36).

In this Part “sponsoring employer”, in relation to an occupational pension scheme, means the employer, or any of the employers, to or in respect of any or all of whose employees the pension scheme has, or is capable of having, effect so as to provide benefits.

In this Part “overseas pension scheme” means a pension scheme (other than a registered pension scheme) which—

In this Part “recognised overseas pension scheme” means an overseas pension scheme F4which satisfies any requirements prescribed for the purposes of this subsection by regulations made by the Commissioners for Her Majesty's Revenue and Customs.