Part 6Private pensions
Other
I149Maximum period between scheme returns to be 5 years for micro schemes
1
Section 63 of the Pensions Act 2004 is amended as follows.
2
After subsection (3) insert—
3A
But subsection (3)(a) has effect as if the reference to three years were a reference to five years if—
a
the trustees or managers have complied with paragraph (b) of section 62(2),
b
the information they provided under that paragraph included the number of members of the scheme, and
c
that number was no more than 4.
3
After subsection (4) insert—
4A
But subsection (4)(a) has effect as if the reference to three years were a reference to five years if—
a
on the date on which the previous scheme return notice was issued, the number of members of the scheme was recorded in the register, and
b
that number was no more than 4.