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SCHEDULES

SCHEDULE 2Pensions: miscellaneous amendments

Extended meaning of “personal pension scheme”

3(1)In the [1993 c. 48.] Pension Schemes Act 1993—

(a)in section 1 (categories of pension schemes), in the definition of “personal pension scheme”, for “employed earners” substitute “earners (whether employed or self-employed)”; and

(b)in section 181(1) (general interpretation), for the definition of “employed earner” substitute—

“employed earner” and “self-employed earner” have the meanings given by section 2 of the [1992 c. 4.] Social Security Contributions and Benefits Act 1992;.

(2)In consequence of sub-paragraph (1), the following provisions of that Act shall cease to have effect, namely—

(a)in subsection (2)(a)(ii) of section 73 (short service benefit), the words “or a self-employed pension arrangement” and “or arrangement”;

(b)in subsection (2)(a) of section 96 (exercise of option under section 95), sub-paragraph (iii) and the word “or” immediately preceding that sub-paragraph; and

(c)in subsection (1) of section 181 (general interpretation), the definition of “self-employed pension arrangement”.