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Personal and Occupational Pension Schemes (Perpetuities) Regulations 1990

Consolidated Text As Enacted Cited authorities 9 Cited in Amendments 9 Related
Vincent
JurisdictionUK Non-devolved
CitationSI 1990/1143
Year1990
(1) These Regulations may be cited as the Personal and Occupational Pension Schemes (Perpetuities) Regulations 1990.(2) These Regulations come into force on 27th June 1990. Definitions
  • In these Regulations—
    • (1) An occupational pension scheme is a scheme to which section 163 of the Act (exemption of certain schemes from rule against perpetuities) applies at any time when it satisfies the requirements of any of paragraphs (2) to (6) of this regulation.(2) This paragraph requires the scheme to be a superannuation fund which is to be treated as becoming a registered pension scheme under section 153(9) of the Finance Act 2004 in accordance with paragraph 1(1) (b) and (3) of Schedule 36 to that Act (deemed registration of existing schemes) .(3) This paragraph requires the scheme to be a superannuation fund to which section 615(3) of the Taxes Act (exemption from tax in respect of certain pensions) applies, or to which Her Majesty’s Revenue and Customs give relief from income tax under section 614(5) of the Taxes Act (exemptions and reliefs in respect of income from certain investments etc. of certain pension schemes) . (4) This paragraph requires the scheme to be a trust scheme which is to be treated as becoming a registered pension scheme under section 153(9) of the Finance Act 2004 in accordance with paragraph 1(1) (f) of Schedule 36 to that Act.registered under section 153 of the Finance Act 2004, orto be treated as becoming a

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