Regulation 75 Payments treated as not being payments to which section 3 applies

The following payments are to be treated as not being payments to which section 3 applies—

(a)

any pension payment made to a claimant as a beneficiary on the death of a member of any pension scheme;

(b)

any PPF periodic payment made to a claimant as a beneficiary on the death of a person entitled to such a payment;

(c)

where a pension scheme is in deficit or has insufficient resources to meet the full pension payment, the extent of the shortfall;

(d)

any pension payment made under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003 F1;

(e)

any guaranteed income payment;

(f)

any permanent health insurance payment in respect of which the employee had contributed to the premium to the extent of more than 50%.

Annotations

F1: Section 3(3) is cited for the power to prescribe a payment under paragraph (b) of the definition of “pension payment”.
F2: Section 22 is cited insofar as it relates to paragraphs 1 to 3, 6, 7, 8(1), 9 and 10 of Schedule 2.
F3: Section 24(1) is cited for the definition of “employment” and “employed”, “period of limited capability for work”, “prescribed”, “regulations” and “week”.
F4: Paragraph 6(5) of Schedule 1 is cited for the definition of “couple”, “education” and “remunerative work”.
F5: 2007 c. 5.
F6: 1992 c. 5.
F7: 1998 c. 14.