The Occupational and Personal Pension Schemes (Perpetuities and Contracting-out) (Amendment) Regulations (Northern Ireland) 2001

Amendment of the Personal and Occupational Pension Schemes (Perpetuities) Regulations

2.  In regulation 2 of the Personal and Occupational Pension Schemes (Perpetuities) Regulations (Northern Ireland) 1990 (occupational pension schemes to which section 159 of the Act applies)(1)—

(a) in paragraph (3) after “fund” there shall be inserted “to which section 615(3) of the Taxes Act (fund established in connection with foreign trade or undertaking)(2) applies, or”;

(b) in paragraph (5) for the words from “Taxes Act” to “section 604” there shall be substituted “Taxes Act or a personal pension scheme (within the meaning of that Part) so approved for the purposes of Chapter IV of that Part; and where an application has been made for approval (in either such case)”, and

(c) in paragraph (6)—

(i) after “under” there shall be inserted “section 192(3) or”, and

(ii) after “Chapter I” there shall be inserted “or, as the case may be, Chapter IV(3)”.

(1)

S.R. 1990 No. 204; relevant amending regulations are S.R. 1994 No. 300

(2)

See section 615(6) of the Income and Corporation Taxes Act 1988 (c. 1)

(3)

See Chapters I and IV of Part XIV of the Income and Corporation Taxes Act 1988, as amended by Schedule 13 to the Finance Act 2000 (c. 17)