PSIPart16 - Discontinuance of Schemes


(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)

Contents

Section 1 – General

Section 2 - Winding-Up

Return to ContentsSection 1 – General

PSI16.1.1Introduction
PSI16.1.2Perpetuities
PSI16.1.3-4Types of discontinuance
PSI16.1.5Notification of discontinuance
PSI16.1.6Action on closed or paid-up scheme
PSI16.1.7Action on wound-up or abandoned scheme
PSI16.1.8-9Continuation of scheme after liquidation of the employer
PSI16.1.10-12- Revenue considerations

Return to ContentsSection 2 - Winding-Up

PSI16.2.1General
PSI16.2.2Winding-up on event
PSI16.2.3Winding-up at discretion
PSI16.2.7Winding-up process
PSI16.2.8Priorities on winding-up
PSI16.2.9Preservation and refunds of contributions


Form of benefits on winding-up
PSI16.2.14- general
PSI16.2.15- individual policies
PSI16.2.16-18- commutation
PSI16.2.20(This text has been withheld because of exemptions in the Freedom of Information Act 2000)Surplus on winding-up
PSI16.2.35Partial winding-up
PSI16.2.40-43Prohibition on amendment of old code schemes
PSI16.2.44-45- concession cases
PSI16.2.46- Revenue limits
PSI16.2.47- funding requirements
PSI16.2.48- review procedures
PSI16.2.49-50- modification order cases