Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Requirement to reduce liabilities by tax relief amounts
This section has no associated Explanatory Memorandum
74.—(1) This regulation applies where—
(a)a person owes a liability to pay pension contributions in relation to the remediable teacher service of a remedy member, or
(b)the scheme manager owes a liability to pay compensation in relation to such service,
under section 15, 16 or 17 of PSPJOA 2022.
(2) The scheme manager must reduce the liability by tax relief amounts()—
(a)determined in accordance with direction 4(5) to (9) of the PSP Directions 2022, and
(b)before the liability is netted off in accordance with regulation 73.
(3) The following provisions of the PSP Directions 2022 apply where the scheme manager makes a determination in accordance with direction 4(8)—
(a)direction 4(10) (provision of explanation);
(b)direction 4(11) and (12) (appeals).
Back to top