# Finance Act 2004, Section 257: Registered pension scheme return

Extent: E+W+S+N.I.

(1) If the scheme administrator of a registered pension scheme fails to comply with a notice under section 250 (registered pension scheme return), the scheme administrator is liable to a penalty of £100.
(2) If the failure continues after a penalty is imposed under subsection (1), the scheme administrator is liable to a further penalty not exceeding £60 for each day on which the failure continues after the day on which that penalty was imposed (but excluding any day for which a penalty under this subsection has already been imposed).
(3) No penalty may be imposed under subsection (1) or (2) in respect of a failure after it has been remedied.
(4) If the scheme administrator of a registered pension scheme fraudulently or negligently—
(a) makes an inaccurate return required by a notice under section 250, or
(b) delivers any inaccurate accounts, statements or other documents with such a return,
the scheme administrator is liable to a penalty not exceeding £3,000.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/257 (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-257
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.