Did the scheme own any shares in the sponsoring employer if it was a company?

A sponsoring employer is:

• the employer (or employers) who established the scheme to provide benefits for their employees in respect of their employment with the employer
• any employer whose employees have benefits provided under the scheme in respect of their employment with that employer

The term 'connected' is as defined in Section 993/4 of Income Tax Act 2007.

For more information regarding Indirect Holding see RPSM07109410 onwards.

Other useful definitions

Genuinely diverse commercial vehicle - see RPSM07109420
Investment Regulated Pension Scheme - see RPSM07109050

RPSM is the Registered Pension Schemes Manual which can be found at www.hmrc.gov.uk/pensionschemes/index.htm