Income Tax (Earnings and Pensions) Act 2003

Termination of planU.K.

89(1)The plan may provide for the company to issue a plan termination notice in respect of the plan in circumstances specified in the plan.U.K.

(2)The plan must provide that, where a plan termination notice is issued, a copy of the notice must be given, without delay, to—

F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)the trustees,

(c)each individual who has plan shares, and

(d)each individual who has entered into a partnership share agreement which was in force immediately before the notice was issued.