There are currently no known outstanding effects for the The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996, Paragraph 1.
1.—(1) This paragraph applies where a scheme which applies to members in employment in the United Kingdom and members in employment outside the United Kingdom is divided into two or more sections and the provisions of the scheme are such that —
(a)different sections of the scheme apply to members in employment in the United Kingdom and to members in employment outside the United Kingdom (“the United Kingdom section" and “the foreign section"),
(b)contributions payable to the scheme in respect of a member are allocated to the section applying to that member’s employment,
(c)a specified part or proportion of the assets of the scheme is attributable to each section and cannot be used for the purposes of any other section,
(d)the United Kingdom section is approved and the foreign section is not approved.
(2) In sub-paragraph (1)(d) “approved" means approved or formerly approved under section 590 or 591 of the Taxes Act.
(3) Where this paragraph applies, section 75 and these Regulations shall apply as if each section of the scheme were a separate scheme, and the reference to the scheme in the form set out in Schedule 1 may be modified appropriately.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
