The Register of Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2005

Registrable schemes

2.—(1) A scheme which is of a description prescribed for the purposes of Article 55(5) of the 2005 Order (register of occupational and personal pension schemes – prescribed description of “registrable schemes”) is a scheme –

(a) which –

(i) has more than one member, and

(ii) provides benefits which are not solely payable on the death of a member, and

(b) which –

(i) prior to 6th April 2006, has received the approval of the Board of Inland Revenue for the purposes of section 590 or section 591 (other than subsection (2)(g)) of the Income and Corporation Taxes Act 1988(1) (conditions for approval of retirement benefit schemes and discretionary approval), or for the purposes of Chapter IV of Part XIV of that Act (personal pension schemes),

(ii) is a public service pension scheme, or

(iii) on or after 6th April 2006, is or has been registered in accordance with section 153 of the Finance Act 2004(2) (registration of pension schemes) (or is treated as registered by virtue of Schedule 36 to that Act).

(2) Paragraph (1)(a)(ii) and (b)(i) and (ii) shall cease to have effect on 6th April 2006.

(1)

1988 c. 1. Section 590 is amended by section 35 of, and paragraph 18 of Part I of Schedule 3 to, the Finance Act 1988 (c. 39); sections 75 and 187 of, and paragraphs 3 and 18(2) and (3) of Schedule 6, and Part 4 of Schedule 17 to, the Finance Act 1989 (c. 26); sections 34(2) to (4), 36(2) and (3) and 123 of, and Part 5 of Schedule 19 to, the Finance Act 1991 (c. 31); and section 79 of, and paragraphs 2(1) to (4) and (7) and (8) and 18(1) and (3) of Schedule 10 to, the Finance Act 1999 (c. 16). Section 591 is amended by section 146 of, and paragraph 6 of Part I of Schedule 13 to, the Finance Act 1988; sections 107(2) to (4) and 258 of, and Part 5 of Schedule 26 to, the Finance Act 1994 (c. 9); sections 59(2) and 60(1) of the Finance Act 1995 (c. 4); and section 79 of, and paragraphs 3(a) and (b) and 18(1) and (3) of Schedule 10 to, the Finance Act 1999

(2)

2004 c. 12