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Version status: Amended | Document consolidation status: Currently being consolidated
Version date: 3 April 2000 - onwards
Version 3 of 3

Regulation 16 Prescribed time in which an employer must make payments to trustees or managers

For the purposes of section 49(8) of the 1995 Act (amount deducted from earnings to be paid to the trustees or managers of the scheme within a prescribed period) the prescribed period 

(a)in the case of minimum payments which are to be made in accordance with regulation 32(1) of the Occupational Pension Schemes (Contracting-out) Regulations 1996, is the period mentioned in that regulation, and

(b)otherwise, is 19 days

commencing from the end of the month in which the amount is deducted from the earnings in question.