# The Personal Pension Schemes (Establishment of Schemes) Order 2000, Note: Explanatory note


(This note is not part of the Order)
Section 632(1) of the Income and Corporation Taxes Act 1988 provides that the Commissioners of Inland Revenue shall not approve a personal pension scheme established by any person other than those mentioned in that sub-section. Section 632(4) provides that the Treasury may by Order amend that section.
This Order, which comes into force on 1st October 2000, provides that a personal pension scheme set up in the form of a trust may be established not only by the existing categories of persons in section 632(1), but also by any other person.

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Source: https://www.legislation.gov.uk/uksi/2000/2317/note (the official version)
Page: https://openlegislation.uk/personal-pension-schemes-establishment-of-schemes-order-2000/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.