Pension funds pooling scheme: regulations

The characteristics of a pension funds pooling scheme (PFPS) are set out in Regulation 4(3) of the Income Tax (Pension Funds Pooling Schemes) Regulations 1996 (SI1996/1585).

Each participant in the PFPS is a registered pension scheme within the meaning of FA04/S150(2) that is also an occupational pension scheme within the meaning of FA04/S150(5), a superannuation fund within the meaning of ICTA88/S615 (6) or an overseas scheme that is an occupational pension scheme within the meaning of section FA04/S150(5) and which is also within the meaning of an overseas pension scheme within the meaning of FA04/S150(7).

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