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The Teachers’ Pensions (Remediable Service) (Scotland) Regulations 2023

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73.—(1) This regulation applies where—

(a)relevant amounts owed by and to a person (“P”) fall to be paid at the same time or similar times, and

(b)the scheme manager has—

(i)determined the interest (if any) that is to be paid on the relevant amounts in accordance with regulation 70, and

(ii)reduced the relevant amounts by tax relief amounts in accordance with regulation 74.

(2) The scheme manager may determine, in accordance with direction 19(2) to (5) of the PSP Directions 2022, that the relevant amounts (and any interest on them) must be aggregated and that the difference must be paid by P to the scheme or (as the case may be) by the scheme to P.

(3) The following provisions of the PSP Directions 2022 apply in relation to a determination under paragraph (2) as if it were a determination under direction 19(1) of those Directions—

(a)direction 19(6) (provision of explanation),

(b)direction 19(7) and (8) (appeals).

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