Statutory Instruments
2000 No. 2317
INCOME TAX
The Personal Pension Schemes (Establishment of Schemes) Order 2000
Made
31st August 2000
Laid before the House of Commons
31st August 2000
Coming into force
1st October 2000
The Treasury, in exercise of the powers conferred on them by section 632(4) of the Income and Corporation Taxes Act 1988( 1 ), hereby make the following Order:
Citation and commencement
1. This Order may be cited as the Personal Pension Schemes (Establishment of Schemes) Order 2000 and shall come into force on 1st October 2000.
2. —(1) Section 632 of the Income and Corporation Taxes Act 1988 shall be amended as follows.
(2) In subsection (1) for the word “The” there shall be substituted the words “Subject to subsection (1A), the”.
(3) After subsection (1) there shall be inserted the following subsection—
“ (1A) The Board may approve a personal pension scheme established by any person other than a person mentioned in subsection (1)(a) to (e) if the scheme is established under a trust or trusts. ”
Greg Pope
Jim Dowd
Two of the Lords Commissioners of Her Majesty’s Treasury
31st August 2000
1988 c. 1 ; section 632 was amended by section 54 of the Finance Act 1988 (c. 39) , by regulation 3 of S.I. 1988/993 and by regulation 3(a) of S.I. 1997/2388 .