(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)
The scheme rules may provide for refunds of contributions at
the time of winding-up to be made to employees with less than 2
years' qualifying service. As explained in
PSI13.2.1 we place no
separate restrictions on refunds of contributions, so the ability
to take a refund of contributions in these circumstances is
governed solely by the preservation requirements of the Social
Security Act 1973.
