PSI16.2.2 - Discontinuance of Schemes: Winding-Up - Winding-Up on Event

(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)

It is common for documentation of a scheme to require that it be wound-up if the employer is liquidated or otherwise goes out of business, although this is not a Revenue requirement except for small self-administered schemes. See PSI16.1.8-12 for the procedure where the scheme is to continue.

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