C2Part 1Pension scheme membership for jobholders

Annotations:
Modifications etc. (not altering text)
C2

Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)

Chapter 1Employers' duties

Qualifying schemes and automatic enrolment schemes

I116Qualifying schemes

1

A pension scheme is a qualifying scheme in relation to a jobholder (J) if—

a

the scheme is an occupational pension scheme or a personal pension scheme,

C1b

the scheme is registered under Chapter 2 of Part 4 of the Finance Act 2004 (c. 12), and

c

while J is an active member, the scheme satisfies the quality requirement in relation to J.

2

The Secretary of State may by regulations provide that subsection (1)(b) does not apply in relation to a scheme to which section 25 or 27 applies, if prescribed requirements are satisfied.

3

The Secretary of State may by regulations provide that a scheme is not a qualifying scheme in relation to J if—

F2a

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F3aa

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F4ab

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b

while J is an active member, the contributions that must be paid to the scheme by, or on behalf or in respect of, J exceed a prescribed amount, or

c

the scheme provides for average salary benefits to be provided to or in respect of J and contains prescribed features.

F13A

See also paragraphs 1(4) and 2(4) of Schedule 18 to the Pensions Act 2014, which confer power to make regulations providing for a scheme not to be a qualifying scheme in relation to a jobholder in certain circumstances.

F54

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F55

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