Pension Schemes Act 2021 (c. 1)

PART 3 U.K. The Pensions Regulator

Contribution notices where avoidance of employer debt etc E+W+S

105 Determination of sum specified in a contribution notice E+W+S

(1) Section 39 of the Pensions Act 2004 (the sum specified in a section 38 contribution notice) is amended as follows.

(2) For subsection (4) substitute—

“(4) For the purposes of this section “the relevant time” means the end of the scheme year which ended most recently before the day on which the Regulator gives a determination notice under section 96(2)(d) in respect of an intended contribution notice under section 38.”

(3) Omit subsection (4A).

Commencement Information

I1 S. 105 in force at 1.10.2021 by S.I. 2021/950, reg. 2(3)(b) (with reg. 3(1)(2))