(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)
Where conversion is involved, they must specify a “date of change” in the future, from which they intend that scheme will become a Chapter IV scheme. The scheme must operate as a Chapter I scheme until we grant Chapter IV approval. The employer will still operate the net pay arrangement when deducting any employee contributions from pay, until the date of reapproval under Chapter IV.
