ABSTRACT
As may be expected, the issues raised in this chapter are dealt with by both the Practice Notes and the Pensions Act 1995. The Practice Notes specifically refer to the fact that neither the Inland Revenue legislation nor the Inland Revenue Practice Notes require an employer to set up a pension scheme, or, when he has done so to enter into an open-ended commitment to continue the scheme. Subject to contract of employment with employees, an employer is free to cease contributing to a scheme at any time (para 14.1).
