Practical Law UK Glossary 7-422-2975 (Approx. 2 pages)
Glossary
Payment schedule
In the context of pensions, the trustees of a money-purchase scheme are required by section 87 of the Pensions Act 1995 to prepare, maintain and from time to time revise a payment schedule showing the rates and due dates of contributions to the scheme by the participating employers and active members. Certain schemes are exempt from the requirement, such as small self-administered schemes.