SCHEDULES

SCHEDULE 4ABOLITION OF CONTRACTING-OUT FOR DEFINED CONTRIBUTION PENSION SCHEMES

PART 3SAVINGS

Preservation of earner's chosen scheme

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(1)

Nothing in the relevant amendments and repeals—

(a)

prevents the giving of a preceding tax year notice, or

(b)

otherwise affects the operation of section 40 of the Pension Schemes Act in relation to such a notice.

(2)

In sub-paragraph (1) a “preceding tax year notice” means a notice within section 40(1) of the Pension Schemes Act which is given on or after F16 April 2012 but in which the date specified in accordance with that provision falls before F16 April 2012 .