Contents
1Citation, commencement and effect#
(1)These Regulations may be cited as the Registered Pension Schemes (Reduction in Pension Rates, Accounting and Assessment) (Amendment) Regulations 2013.
(2)These Regulations come into force on 31st May 2013 but the amendments made by regulation 3 have effect from 6th April 2013.
2Amendments to the Registered Pension Schemes (Accounting and Assessment) Regulations 2005#
(1)The Registered Pension Schemes (Accounting and Assessment) Regulations 2005 are amended as follows.
(2)In regulation 3(1) (the particulars required to be included in returns under section 254) in Table 1, in the second column (specified particulars), in the third row (in the particulars specified in respect of the annual allowance charge) after the third entry, insert—“4 The tax year to which the annual allowance charge relates.”
3Amendments to the Pension Schemes (Reduction in Pension Rates) Regulations 2006#
(1)The Pension Schemes (Reduction in Pension Rates) Regulations 2006 are amended as follows.
(2)In regulation 3 (reduction of pension – prescribed circumstances) after “regulations 4” insert “, 4A”.
(3)In regulation 4 (reduction of pension under certain provisions) after paragraph (c) insert—“;d section 237E(1) of the Finance Act 2004 (consequential benefit adjustments to be reasonable etc)”
(4)After regulation 4 insert—“4A The circumstances are that the pension is reduced by reason of the satisfaction by the scheme administrator on a voluntary basis of all or part of a liability of a member arising under section 227(1) of the Finance Act 2004 (annual allowance charge).”
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