SCHEDULES

SCHEDULE 1Description of schemes

Regulation 4(1), (4) and (5)

1

1

An occupational pension scheme falls within this paragraph if it meets the following conditions.

2

The first condition is that the scheme—

a

is a tax registered scheme,

b

was formerly—

i

approved by the Commissioners for Her Majesty's Revenue and Customs for the purposes of section 590 or 591 of the Income and Corporation Taxes Act 1988M1,

ii

a statutory scheme as defined in section 611A of that ActM2, or

iii

approved by the Commissioners for Her Majesty's Revenue and Customs under Chapter 4 of Part 14 of that ActM3,

F1c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or

d

is a public service pension schemeM4.

3

The second condition is that the scheme—

a

has 2 or more members,

b

does not provide only death benefits,

c

is established in the United Kingdom or has at least one trustee or manager resident in the United Kingdom, and

d

is not established by the Salvation Army Act 1963.

2

A personal pension scheme falls within this paragraph if it is not a pension scheme that is—

a

either—

i

set up or established in an annuity contract, or

ii

a trust scheme, and

b

to be treated as becoming a registered pension scheme under section 153(9) of the Finance Act 2004 in accordance with paragraph 1(1)(f) of Schedule 36 to that Act.