The Teachers’ Pension Scheme (Remediable Service) Regulations 2023

Requirement to reduce liabilities by tax relief amounts

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(1)—

(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).

(1)

See section 18(4) of PSPJOA 2022 for the meaning of “tax relief amounts” for the purposes of a liability mentioned in regulation 73(1)(a) and section 18(7) of that Act for the meaning of that term for the purposes of a liability mentioned in regulation 73(1)(b).