Regulation 29 Schemes which cannot be certified under section 5(2B) of the ActI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 29 coming into force by Occupational Pension Schemes (Contracting-out) 1996 reg. 1(1)
reg. 23(g)and word added by Occupational and Personal Pension Schemes (Contracting-out) 2002 reg. 2(10)(b)
reg. 29(a) substituted by Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) 2006 art. 28(7)

For the purposes of section 5(2B)(d) of the Act (prescribed class or description of schemes which may not be salary related contracted-out schemes) the prescribed schemes are—

(a)

a scheme which is not exempt approved within the meaning of section 592(1) of the Taxes Act, unless either it has applied for such approval which has not yet been determined or it is a relevant statutory scheme within the meaning of section 611A of that Act;

(b)

a money purchase scheme.

Annotations

Commencement

I1: Reg. 29 in operation at 6.4.1997, see reg. 1(1)