(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)
In this context, a replacement scheme is one established by
the employer or an associated employer which subsequently provides
benefits for the members of the wound-up scheme based on total
service with the employer and may be one already in existence or a
new one established within 5 years of the winding-up date. A scheme
providing benefits based on future service only is not regarded as
a replacement scheme for this purpose.
