http://www.legislation.gov.uk/uksi/2006/575/regulation/28
The Pension Protection Fund (Tax) Regulations 2006
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Statute Law Database
CORPORATION TAX
INCOME TAX
CAPITAL GAINS TAX
INHERITANCE TAX
STAMP DUTY LAND TAX
2015-06-11
Expert Participation
2013-05-31
In the Pensions Act 2004 (c. 35), Part 2 establishes and deals with the Board of the Pension Protection Fund (“the Board”). The Board is a body corporate, and has two main functions. First, the Board is to administer the Pension Protection Fund, from which compensation will be paid to members of certain pension schemes which are underfunded and no longer have a solvent sponsoring employer; and (secondly) the Board is to administer the Fraud Compensation Fund, from which compensation will be paid to certain pension schemes which no longer have a solvent sponsoring employer in cases of fraud and misappropriation of scheme assets.
28
Section 273 of FA 2004 (members liable as scheme administrator) does not apply in relation to the Pension Protection Fund.