Welfare Reform and Pensions Act 1999

Extended meaning of “personal pension scheme” U.K.

3 (1) In the M1 Pension Schemes Act 1993— U.K.

(a) in section 1 (categories of pension schemes), in the definition of “personal pension scheme”, for “employed earners” substitute “ earners (whether employed or self-employed) ”; and

(b) in section 181(1) (general interpretation), for the definition of “employed earner” substitute—

““employed earner” and “self-employed earner” have the meanings given by section 2 of the M2 Social Security Contributions and Benefits Act 1992;”.

(2) In consequence of sub-paragraph (1), the following provisions of that Act shall cease to have effect, namely—

(a) in subsection (2)(a)(ii) of section 73 (short service benefit), the words “or a self-employed pension arrangement” and “or arrangement”;

(b) in subsection (2)(a) of section 96 (exercise of option under section 95), sub-paragraph (iii) and the word “or” immediately preceding that sub-paragraph; and

(c) in subsection (1) of section 181 (general interpretation), the definition of “self-employed pension arrangement”.

Commencement Information

I1 Sch. 2 para. 3 wholly in force at 25.4.2001; Sch. 2 para. 3 in force for certain purposes at Royal Assent, see s. 89(1)(5); Sch. 2 para. 3 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

M1 1993 c. 48.

M2 1992 c. 4.