Schedule 3 | Pension Schemes | Finance Act 2018 C3

SCHEDULE 3 Pension Schemes

Finance Act 2018 (2018 c 3) | Legislation

SCHEDULE 3 Pension Schemes

Section 13

Amendments of and relating to Part 4 of the Finance Act 2004

(1) Part 4 of FA 2004 (pension schemes etc) is amended in accordance with sub-paragraphs (2) to (8).

(2) In section 150 (meaning of “pension scheme”), after subsection (5) insert—

“(5A) This Part applies in relation to certain pension schemes that are not occupational pension schemes as it applies in relation to occupational pension schemes (see section 274B and paragraph 1(4A) of Schedule 36).”

(3) In section 153 (registration of pensions schemes), in subsection (5), at the end insert “, or

(h) the pension scheme is an occupational pension scheme, and a sponsoring employer in relation to the scheme is a body corporate that has been dormant during a continuous period of one month that falls within the period of one year ending with the day on which the decision is made, or

(i) the pension scheme is an unauthorised Master Trust scheme.”

(4) In section 158 (grounds for de-registration) in subsection (1), at the end insert “, or

(g) that the pension scheme is an occupational pension scheme, and a sponsoring employer in relation to the scheme