SCHEDULES

SCHEDULE 1Transfer of Contributions Agency functions and associated functions

Pension Schemes Act 1993 (c. 48)

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(1)

Section 43 of the Pension Schemes Act 1993 (payment of minimum contributions to personal pension schemes) is amended as follows.

(2)

For “Secretary of State”, in each place where it occurs, there is substituted “Inland Revenue”.

(3)

In subsection (4), for “is” there is substituted “are”.

(4)

In subsection (5)—

(a)

for “pays” and “is” there are substituted respectively “pay” and “are”, and

(b)

for “he”, in each place where it occurs, there is substituted “they”.

(5)

In subsection (6)—

(a)

for “pays”, “is” and “does” there are substituted respectively “pay”, “are” and “do”, and

(b)

for “he”, in each place where it occurs, there is substituted “they”.