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Pension Schemes Act 2015

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This is the original version (as it was originally enacted).

24Payment of amounts out of collective benefit funds

This section has no associated Explanatory Notes

(1)Regulations must prohibit the making of payments out of funds held for the purposes of providing collective benefits except for—

(a)payments made for the purpose of providing those benefits, or

(b)other specified payments.

(2)The regulations may, in particular, make provision corresponding or similar to any provision made by section 37 of the Pensions Act 1995 (payment of surplus to employer in the case of an occupational trust-based scheme).

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