PSI19.1.2 - Withdrawal of Approval: General - Reasons For Withdrawal

(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)

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

[PN19.2]

There are many reasons why we may consider withdrawing approval. The most common ones are:

1. failure to administer the scheme properly,
2. serious breaches of the scheme rules resulting in payments of excessive or unauthorised benefits,
3. persistent failure to furnish information or meet a scheme’s tax liabilities,
4. over-funding the scheme to an unacceptable extent (see PSI20.8.52), or
5. use of the scheme for tax avoidance.