Section 172C Allocation of unallocated employer contributionsF1

contributions are paid under a registered pension scheme by an employer otherwise than in respect of any individual,

in any tax year any of the contributions become held for the purposes of the provision of benefits to or in respect of a member of the pension scheme under any relevant arrangement or arrangements (“the allocated contributions”),

the amount of the allocated contributions exceeds the permitted maximum, and

the member and the employer, or the member and any person connected with the employer at any time during the tax year, are connected persons at any time during the tax year.

a money purchase arrangement that is not a cash balance arrangement F2or a collective money purchase arrangement, or

a hybrid arrangement under which the benefits that may be provided to or in respect of the member are, or include, money purchase benefits F3that are not cash balance benefits or collective money purchase benefits.

the maximum amount of relief to which the member is entitled under section 188 (relief for contributions) in respect of relievable pension contributions paid during the tax year (see section 190), less

the amount of any contributions paid by employers under any registered pension scheme in respect of the member in the tax year.