Contributions

(1) An employer, or any person required to make contributions under a plan on behalf of an employer, shall make payments to the pension fund or to the approved provider of amounts that are not less than the sum of– (a) all contributions received from employees, including money withheld by payroll deduction or otherwise from an employee, as the employee’s contribution to the pension plan; (b) all contributions required to pay the normal cost of the pension plan; and (c) all normal cost and special payments required under regulation 31. (2) The payments referred to in subregulation (1) shall be made by the employer or the person who is required to make contributions on behalf of the employer within the following time limits– (a) all sums received by the employer from an employee, including money withheld by payroll deduction or otherwise from the employee, as the employee’s contribution to the pension plan, within thirty days after the last day of the month in which the sum was received or deducted; (b) employer contributions, within thirty days after the last day of the month in which such contribution was due; and 38 Private Pensions (c) all normal cost and special payments, within thirty days after the last day of the month in respect of which contributions are made.