PSI18.1.14 - Application for Approval and Information Provisions: Application for Approval - Date of Approval - 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)

[PN18.8]

Where the application is "in time" the effective date of exempt approval depends on the nature of the scheme. In all cases, other than those where eligibility and/or benefits are at the employer's discretion, exempt approval will date from the later of:

1. the date of commencement of the scheme, and
2. the date on which the trust instrument was executed.

The employees must however have been given adequate information about the scheme (see PSI1.3.31and PSI18.1.23).