The Police Pensions Regulations 2015

Information about payment of annual allowance charge U.K.

221.—(1) If a member's pension scheme input amount for this scheme for a tax year exceeds the amount of the annual allowance for that tax year, paragraph (2) applies in respect of the member for that tax year.

(2) The scheme manager must, no later than 31st July after the end of the tax year, provide the member with any information the scheme manager considers appropriate to assist the member to arrange payment of the annual allowance charge for that tax year.

(3) In this regulation—

“annual allowance” has the meaning given in section 228 (annual allowance) of FA 2004 M1 ;

“annual allowance charge” has the meaning given in section 227 (annual allowance charge) of FA 2004 M2 ;

“pension scheme input amount” has the same meaning as in section 237B(2) of FA 2004 M3 (liability of scheme administrator); and

“tax year” means a period of one year which is the period of assessment for income tax purposes.

Marginal Citations

M1 Section 228 was substituted by the Finance Act 2011, Schedule 17, paragraph 4 and was amended by the Finance Act 2013, section 49.

M2 Section 227 was amended by the Finance Act 2009 (c. 10), Schedule 2, paragraphs 10 and 15 and the Finance Act 2011, Schedule 17, paragraph 3.

M3 2004 c. 12; section 237B was inserted by the Finance Act 2011 (c. 11), Schedule 17, paragraph 15 and was amended by the Finance Act 2013 (c. 29), Schedule 46, paragraphs 119 and 129.