158(1) The registration of a pension scheme may be withdrawn under section 157 only if it appears to the Inland Revenue–
(za)that the pension scheme has not been established, or is not being maintained, wholly or mainly for the purpose of making payments falling within section 164(1)(a) or (b) (authorised payments of pensions and lump sums),
(zb)that the person who is, or any of the persons who are, the scheme administrator is not a fit and proper person to be, as the case may be–
(i)the scheme administrator, or
(ii)one of the persons who are the scheme administrator,
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.