Amendment of the Occupational Pension Schemes (Levies) Regulations2
1
The Occupational Pension Schemes (Levies) Regulations (Northern Ireland) 20053 shall be amended in accordance with paragraphs (2) to (8).
2
In regulation 4(4) (liability for the levies)—
a
for “year” there shall be substituted “years”;
b
after “31st March 2006” there shall be inserted “and 31st March 2007”.
3
In regulation 5 (the reference day)—
a
in paragraphs (2) and (3)—
i
for “years” there shall be substituted “year”;
ii
the words “and 1st April 2006” shall be omitted;
b
in paragraph (4) for “1st April 2007” there shall be substituted “1st April 2006”.
4
In regulation 6(2) (the amount payable)—
a
for “year” there shall be substituted “years”;
b
after “31st March 2006” there shall be inserted “and 31st March 2007”.
5
In regulation 13 (meaning of “the levies” in Part IV)—
a
after “14(3)” there shall be inserted “or, as the case may be, 15(7)”;
b
for “and the initial levy” there shall be substituted “, the initial levy and the pension protection levy”.
6
In regulation 14(3) (attribution of payments in respect of levies) the words “any pension protection levy and” shall be omitted.
7
After paragraph (6) of regulation 15 (multi-employer schemes) there shall be added the following paragraph—
7
This regulation does not apply to any pension protection levy.
8
In regulation 18(4) (avoidance of double liability: schemes in Great Britain)—
a
at the end of sub-paragraph (b) the word “and” shall be omitted;
b
in sub-paragraph (c) for “Regulations.” there shall be substituted “Regulations; and”;
c
after sub-paragraph (c) there shall be added the following sub-paragraph—
d
in the case of the pension protection levy, if it is imposed under section 175 of the 2004 Act.