Occupational Pension Schemes (Fees) (Amendment) Regulations, 1997
Statutory Instruments
Source: Statutory Instruments

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paragraphs: (1) These Regulations may be cited as the Occupational Pension Schemes (Fees) (Amendment) Regulations, 1997.
(2) These Regulations shall come into effect on the 1st day of January, 1998.
2 Revocation
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paragraphs: The Occupational Pension Schemes (Fees) Regulations 1991 (S. 1. No. 372 of 1991) and the Occupational Pension Schemes (Fees) (Amendment) Regulations, 1992 (S. 1. No. 367 of 1992) are hereby revoked.
3 Definitions
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paragraphs: In these Regulations:—
"the Act" means the Pensions Act, 1990 (No. 25 of 1990);
"active member"
( a ) in relation to a scheme commencing in the year of account means any member who is resident in the State and in reckonable service at the commencement of the scheme and
( b ) in relation to a scheme that commenced prior to the year of account means any member who is resident in the State and in reckonable service at the commencement date, preceding the year of account, of the scheme year;
"additional voluntary contribution scheme" means a scheme where the benefits are secured in full by members' additional voluntary contributions;
"death benefit only scheme" means a scheme, the only benefits under which are those payable in the event of death;
"frozen scheme" means either—
( a ) a scheme which provides benefits only in respect of members whose service in relevant employment has terminated, or
( b ) a scheme, other than a death benefit only scheme, where continuing service by the members in relevant employment does not entitle them to long service benefit and where no new members may be admitted;
"scheme year", in relation to a scheme, means whichever of the periods specified in section 55(1) of the Act the trustees select;
"year of account" in relation to a scheme means a calendar year.
4 Fees payable by schemes
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paragraphs: (1) There shall be paid annually by the trustees of a scheme to the Board out of the resources of the scheme the appropriate fee specified in sub-article (2), (3) or (4) of this article, as the case may be.
(2) In the case of a funded scheme (other than a scheme specified in sub-article (3) or (4) of this article) the amount of the fee shall be, where the number of active members in the scheme
( a ) is 500 or less, an amount calculated by multiplying £5 by the said number of active members;
( b ) is greater than 500 but not greater than 1,000, £2,500;
( c ) is greater than 1,000, an amount calculated by multiplying £2.50 by the said number of active members.
(3) In the case of a scheme which is
( a ) a scheme which is a frozen scheme on I January in the year of account,
( b ) a frozen scheme which is not a frozen scheme on I January in the year of account but which becomes a frozen scheme on a date that is prior to the date on which the next commencement date, following the commencement of that year of account, of the scheme year has or would but for the scheme having become a frozen scheme have occurred,
( c ) a death benefit only scheme,
( d ) an additional voluntary contribution scheme,
( e ) a scheme with less than 2 active members and which commenced before the 1st day of January, 1993,
( f ) a scheme which has been wound up prior to I January of the year of account, or
( g ) a scheme which has not been wound up prior to I January in the year of account but which becomes wound up on a date that is prior to the date on which the next commencement date, following the commencement of that year of account, of the scheme year would but for the scheme having been wound up have occurred, the amount of the fee shall be Nil.