PART XIVU.K. PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.

CHAPTER IU.K. RETIREMENT BENEFIT SCHEMES

Approval of schemesU.K.

[F1590A Section 590: supplementary provisions.U.K.

(1)For the purposes of section 590(3)(e) and (f) two or more employments are relevant associated employments if they are employments in the case of which—

(a)there is a period during which the employee has held both or all of them,

(b)the period counts under the scheme in the case of both or all of them as a period in respect of which benefits are payable, and

(c)the period is one during which both or all of the employers in question are associated.

(2)For the purposes of section 590(3)(g) and (h) the scheme is connected with another scheme in relation to an employee if—

(a)there is a period during which he has been the employee of two persons who are associated employers,

(b)the period counts under both schemes as a period in respect of which benefits are payable, and

(c)the period counts under one scheme by virtue of service with one employer and under the other scheme by virtue of service with the other employer.

(3)For the purposes of subsections (1) and (2) above, employers are associated if (directly or indirectly) one is controlled by the other or if both are controlled by a third person.

(4)In subsection (3) above the reference to control, in relation to a body corporate, shall be construed—

(a)where the body corporate is a close company, in accordance with section 416, and

(b)where it is not, in accordance with section 840.]