PSI5.1.34 - Contributions by Employers: General
- Donations
-
(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
A donation to the scheme, whether by the employer or some
other person, can be accepted provided that:
- no special conditions are attached to the
gift to prevent both the income and capital being used to provide
benefits under the scheme, and
- the donation does not cause the scheme to
become over-funded. If the gift is large in relation to the size of
the fund ask the scheme practitioner to provide actuarial evidence
to show that its acceptance will not cause over- funding.
Contact: | Date issued: | Next review:
