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Regulation 2 Manner of establishmentI1

Northern Ireland Not yet in force

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

(1)

A stakeholder pension scheme may (where not established under a trust) be established by means of one or more instruments in writing which provide for one or more contracts to be entered into between the manager of the scheme and each member of the scheme, or a person acting on the member’s behalf.

(2)

The manager of the scheme must be a person who is mentioned in section 632(1) of the Taxes Actf1 (establishment of schemes approved as personal pension schemes under Chapter IV of Part XIV of that Act).

Annotations

Commencement

I1

Reg. 2 in operation at 1.10.2000, see reg. 1(2)

Footnotes

f1

Relevant amending instruments are S.I. 1988/993 and S.I. 1997/2388