SCHEDULES
SCHEDULE 4ABOLITION OF CONTRACTING-OUT FOR DEFINED CONTRIBUTION PENSION SCHEMES
PART 1AMENDMENTS HAVING EFFECT AS FROM ABOLITION DATE
The Pension Schemes (Northern Ireland) Act 1993 (c. 49)
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1
Section 176 (general interpretation) is amended as follows.
2
In subsection (1)—
a
in the appropriate places insert—
“abolition date” means the day appointed for the commencement of section 13(1) of the Pensions Act (Northern Ireland) 2008;
“HMRC” means the Commissioners for Her Majesty's Revenue and Customs;
b
for the definition of “appropriate scheme certificate” and references to an appropriate scheme substitute—
“appropriate scheme” and “appropriate scheme certificate” are to be construed in accordance with section 176A;
c
in the definition of “contracting-out certificate” and references to a contracted-out scheme and to contracting-out at the end add “
and section 176A
”
;
d
for the definition of “money purchase contracted-out scheme” substitute—
“money purchase contracted-out scheme” is to be construed in accordance with section 176A;
3
In subsection (4) (regulations may prescribe the persons who are to be regarded as members or prospective members of an occupational scheme etc.) omit “, 40”.