PSI16.2.1 - Discontinuance of Schemes: Winding-Up - General

(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)

Winding-up is the ultimate stage of discontinuance. When it may happen depends on the rules of the scheme. Some rules provide for it automatically upon the happening of an event, whilst others leave a measure of discretion to the employer or the trustees.

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