PSI5.2.14 - Contributions by Employers: Ordinary Annual Contributions - Commitment to Regular Contributions - No Contributions Paid

(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)

If the scheme is in surplus, one means of reducing the surplus is by the suspension of contributions (“contribution holidays”) by the employer for up to 5 years (see PSI20.8.58-59). The procedures described in PSI5.2.12-13 do not apply in such circumstances.

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