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Pension Schemes (Voluntary Contributions Requirements and Voluntary and Compulsory Membership) Regulations 1987

Consolidated Text As Enacted Cited authorities 20 Cited in Amendments 4 Related
Vincent
JurisdictionUK Non-devolved
for the purposes of personal pension schemes on 4th January 1988; andfor the purposes of occupational pension schemes on 6th April 1988.(2) In these Regulations, except where the context otherwise requires—
  • “the Act” means the F9Pension Schemes Act 1993;
  • “normal pension age” and “public service pension scheme” shall be construed in accordance with F10section 181(1) of the Act;
  • “pensionable service” and “relevant employment” shall be construed in accordance with F11section 70 of the Act;
  • “scheme” means a personal or occupational pension scheme;
  • “secondary Class 1 contribution” shall be construed in accordance with section 4 of the Social Security Act 1975 ;
  • and other expressions have the same meaning as in the Act.
(3) In these Regulations, except where the context otherwise requires, any reference to a numbered section is to the section of the Act bearing that number.(1) F12Section 111(1) (voluntary contributions requirements) shall not apply to the rules of any public service pension scheme unless it is an exempt approved scheme for the purposes of section 21 of the Finance Act 1970 .(2) F12Section 111(1) shall not apply to the rules of any personal pension scheme in so far as it is comprised in an annuity contract made before F61st July 1988.(3) Section F13111(1) (a) and (b) shall not apply to the rules of any scheme in so far as they relate to the payment by a member of any sum as voluntary contributions where that payment would not qualify for relief from tax in accordance with section 21(4) or 22(2) of the Finance Act 1970 .(4) Section F13111(1) (a) and (b) shall not apply to the rules of any scheme in so far as they provide that a member of the scheme must give the trustees or managers of the scheme notice, of a period not exceeding 12 months, of his intention to pay voluntary contributions at a specified rate or to vary that rate.(5) Section F13111(1) (a) and (b) shall not apply to the rules of any personal pension scheme in so far as they relate to a member whose rights under the scheme derive only from one or more transfer payments.in respect of whose current pensionable service the scheme will provide benefit only on his death; orwhose pensionable service either has not begun or has terminated; orwho is either within one year of reaching, or has reached, normal pension age; orif he is a member of it, complies in relation to him, or, if he is not a member of it, would comply in relation to him if he were, with the voluntary contributions requirements, andis not a scheme which, if he is a member of it, falls in relation to him, or, if he is not a member of it, would fall in relation to him if he were, to be regarded as a scheme excepted from the application of section F13111(1) (a) and (b) by virtue of paragraph (1) , (2) , (5) or (6) (a) , (b) or (c) of this regulation.the scheme is an appropriate scheme...; andthe member to whom the limitation applies is concurrently a member of an occupational pension scheme; andthe scheme is currently the member’s chosen scheme under F16section 44 of the Act; andthe member has entered into a written agreement with the trustees or managers of the scheme that this regulation shall apply in his case.(7) F17Section 111(1) (b) shall not apply to the rules of any scheme in so far as they impose, or allow any person to impose, a lower limit on the payment by a member of voluntary contributions in respect of any tax year if that lower limit is not higher than the amount specified in paragraph (8) of

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