The Registered Pension Schemes (Restriction of Employers' Relief) Regulations 2005

Scope of these Regulations

2.—(1) These Regulations apply in circumstances where—

(a) subsection (2) or (3) of section 196A applies (or both do); and

(b) the condition in paragraph (2) is not satisfied.

(2) The condition in this paragraph is that, in such of those subsections as apply—

(a) the employer-financed retirement benefits scheme referred to is a recognised overseas pension scheme within the meaning in section 150(8); and

(b) the individual referred to would be a relevant migrant member of that scheme by virtue of paragraph 4 of Schedule 33 to the Finance Act 2004, or regulations made under sub-paragraph (c) of that paragraph, modified as follows—

(i) in paragraph 4, in the words preceding sub-paragraph (a), omit “in relation to any contributions,”;

(ii) in sub-paragraph (b) for “the time when the contributions are paid” substitute “the employer’s period of account which is in question”; and

(iii) omit sub-paragraph (d).