The Personal and Occupational Pension Schemes (Incentive Payments) Amendment Regulations 1988

• Citation: S.I. 1988/2237
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Personal and Occupational Pension Schemes (Incentive Payments) Amendment Regulations 1988 and shall come into force on 26th January 1989.

Section 2 Amendment of the Personal and Occupational Pension Schemes (Incentive Payments) Regulations 1987

Regulation 3 of the Personal and Occupational Pension Schemes (Incentive Payments) Regulations 1987 shall be amended as follows —

(a) in paragraph (2)(b) after the words “the identity of the employer, or” there shall be inserted the words “, subject to paragraph (2A),”; and

(b) after paragraph (2) there shall be inserted the following paragraph —

(2A) For the purposes of paragraph (2)(b) the employment of the earner in question is distinguishable from the employment mentioned in paragraph (2)(a) if —

(a) throughout the period beginning on 6th April 1988 and ending on the last day of the last tax week in respect of which the payment is claimed it is a condition for admission to membership of the scheme other than the scheme in question that the earner has attained a minimum age or completed a minimum period of service, or both, and on 6th April 1988 the earner in question had not attained that age or completed that period of service; and

(b) membership of the scheme in question is open only to earners who do not satisfy that condition or those conditions.