Regulation 7A Waiver of the administration levyF1

(1)

This regulation applies to an eligible scheme if, in respect of a financial year—

(a)

any amount payable by way of any pension protection levy in respect of the scheme is waived under regulations made under section 181(8)(b) of the 2004 Act; and

(b)

the scheme is not a scheme which is authorised under section 153 of the 2004 Act to continue as a closed scheme.

(2)

In respect of the same financial year, any amount payable by way of the administration levy in respect of the scheme is also waived.

Annotations

Textual amendments

F1: Reg. 7A inserted (30.3.2007) by Occupational Pension Schemes (Levies) (Amendment) Regulations 2007 (S.I. 2007/994), regs. 1(2), 4

Notes on Part 2

Textual amendments

F1: Pt. 2 heading substituted (1.4.2007) by Occupational Pension Schemes (Levies) (Amendment) Regulations 2007 (S.I. 2007/994), regs. 1(3), 2(3)