PSI16.1.6 - Discontinuance of Schemes: General - Action on Closed or Paid-Up Scheme

(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 an approved scheme is just closed or paid-up the only action normally necessary is to:

1. check that any rule amendments giving effect to the discontinuance are satisfactory, and
2. have the file cover and CORA noted that the scheme is closed or paid-up and send to REPOS (see Part 22 PSI22.1.1).

But see PSI16.1.8-11 if discontinuance is due to the employer's liquidation, or PSI16.2.3where the employees are continuing to contribute in isolation.

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