SCHEDULES

Valid from 06/04/2006

SCHEDULE 30 U.K. Registered pension schemes: employer loans

Amount of unauthorised payment U.K.

Loan does not comply with section 179(1) when made U.K.

5 (1) If a loan does not comply with section 179 (1) (authorised employer loan) when it is made, there is an unauthorised payment of an amount equal to the largest of such of amounts 1, 2, A, B, and C as arise in relation to the loan. U.K.

(2) Paragraphs 12 to 16 explain amounts 1, 2, A, B and C.