SCHEDULES
SCHEDULE 13Employer asset-backed pension contributions etc
PART 4Transitional provision relating to Part 3
Application and interpretation
18
1
This Part of this Schedule applies if—
a
before 22 February 2012, an employer (“E”) pays a contribution (“E's contribution”) under a registered pension scheme (“the relevant scheme”),
b
Part 2 of this Schedule does not apply in relation to E's contribution,
c
at any time, relief is given in respect of E's contribution,
d
if the reference in paragraph 17 above to 22 February 2012 were instead a reference to the date on which E's contribution is paid, E would have no entitlement to relief in respect of E's contribution by virtue of section 196B, 196D or 196F of FA 2004, and
e
the asset-backed arrangement is not completed before 22 February 2012.
2
For the purposes of sub-paragraph (1)(d) assume that Parts 1 and 2 of this Schedule were never enacted.
3
For the purposes of sub-paragraph (1)(d), in sections 196C(5), 196E(5) and 196G(5) the reference to one year is to be read as a reference to 18 months.