54 Qualifying schemes
Pension Schemes Act 2021 (2021 c 1) | Legislation

54  Qualifying schemes

(1)     A pension scheme is a “qualifying scheme” if it meets the requirements in this section.

(2)     The scheme must be an occupational pension scheme established under an irrevocable trust by a person or persons to whom section 1(2)(a) (employer) of the Pension Schemes (Northern Ireland) Act 1993 applied when the scheme was established (without other persons).

(3)     The scheme must be used, or intended to be used, only by—

(a)     a single employer, or

(b)     two or more employers that are connected with each

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