Part 1 Amendments Having Effect as from Abolition Date
Pensions Act 2007 (2007 c 22) | Legislation

SCHEDULE 4 Abolition of Contracting-Out for Defined Contribution Pension Schemes

Section 15

Part 1 Amendments Having Effect as from Abolition Date

Pension Schemes Act 1993 (c 48)

1

The Pension Schemes Act 1993 has effect subject to the following amendments.

2

(1)     Section 7 (issue of contracting-out and appropriate scheme certificates) is amended as follows.

(2)     For subsection (1) substitute—

“(1)     Regulations shall provide for HMRC to issue certificates stating that the employment of an earner in employed earner's employment is contracted-out employment by reference to an occupational pension scheme.

(1A)     In this Act such a certificate is referred to as “a contracting-out certificateâ€.â€

(3)     Omit subsections (4) to (6) (provisions relating to appropriate scheme certificates in respect of personal pension schemes).

(4)     In subsection (7) (no certificate to have effect from a date earlier than its issue) omit “or appropriate scheme certificateâ€.

(5)     After that subsection insert—

“(8)     References in this Act to a contracting-out certificate, a contracted-out scheme and to contracting-out in a context relating to a money purchase contracted-out scheme are to be construed in accordance with section 181A.â€

(6)     In the sidenote, omit “and appropriate schemeâ€.

3

(1)     Section

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