@LauraBrough@DaveKent101 Te result of the tax raid by Brown. The employer was still on the hook to meet the pension promise to existing member, deferred members and pensioners. Brown destroyed decent pension provision in the UK.
@LauraBrough@DaveKent101 No, contribution holidays usually resulted in the scheme being in surplus as a result of employer contributions. Many employers shared their contribution holiday with employeeโs. Anyway, if a scheme was over 105% funded it was taxed on the excess.