PART 4Amendments coming into operation on 6th April 2015
Amendment of the Pension Schemes Act31
1
The Pension Schemes Act is amended in accordance with paragraphs (2) to (7).
2
In section 16(3)100 (transfer of accrued rights) omit “and sections 27 and 29”.
3
Omit section 29101 (tax requirements to prevail over certification requirements).
4
In section 38A102 (reduced rates of Class 1 contributions, and rebates)—
a
in subsection (3)103 for “trustees or managers of the scheme” substitute “earner”;
5
In section 39 (payment of minimum contributions to personal pension schemes)—
a
in subsection (2) for “trustees or managers of the earner’s chosen scheme” substitute “earner”;
b
for subsection (6A)106 substitute—
6A
Where a payment under subsection (1) is due in respect of an earner, HMRC are not required to make the payment if they determine that the cost to them of administering the payment would exceed the amount of the payment.
6
In section 160(2)107 (Crown employment) omit paragraph (a).
7
In section 176(4)108 (general interpretation) omit “27,”.
Amendment of the Occupational Pension Schemes (Contracting-out) Regulations32
In regulation 37 of the Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996109 (circumstances in which the age-related payments are not to be paid) omit paragraphs (1A) and (2) to (7).
Amendment of the Personal Pension Schemes (Appropriate Schemes) Regulations33
In regulation 12 of the Personal Pension Schemes (Appropriate Schemes) Regulations (Northern Ireland) 1997110 (circumstances in which minimum contributions are not to be paid) omit paragraphs (1A) and (2) to (9).