[172C Allocation of unallocated employer contributions]
Finance Act 2004 (2004 c 12) | Legislation

[172C  Allocation of unallocated employer contributions]

[(1)     This section applies if—

(a)     contributions are paid under a registered pension scheme by an employer otherwise than in respect of any individual,

(b)     in any tax year any of the contributions become held for the purposes of the provision of benefits to or in respect of a member of the pension scheme under any relevant arrangement or arrangements (“the allocated contributions”),

(c)     the amount of the allocated contributions exceeds the permitted maximum, and

(d)     the member and the employer, or

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