PSI21.3.33 - Centralised Schemes: Non-Associated Employers - Funding - Small Self-Administered 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)

[PN21.20]

A centralised scheme which is self-administered, provides benefits on a money purchase basis and admits controlling directors is to be treated as a small self- administered scheme and must meet our requirements for those schemes. We will, however, be prepared to waive those requirements where, for instance, a particular participation does not involve controlling directors for instance (see PN21.20).

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