# The Financial Assistance Scheme (Tax) Regulations 2010, Regulation 1: Citation, commencement and interpretation

Extent: E+W+S+N.I.

(1) These Regulations may be cited as the Financial Assistance Scheme (Tax) Regulations 2010 and shall come into force on 1st May 2010.
(2) In these Regulations, unless otherwise stated, any reference to a numbered regulation is a reference to that regulation of the FAS Regulations.
(3) In these Regulations—
“assistance” means—
interim assistance,
non-lump sum assistance,
a lump sum payment under regulation 17D (lump sum payments), and
a payment under regulation 18A (death benefit guarantees) in cases where that payment is in the form of a lump sum;
“the FA 2004” means the Finance Act 2004;
“the FAS” means the financial assistance scheme;
“the FAS Regulations” means the Financial Assistance Scheme Regulations 2005;
“the FAS scheme manager” means the person appointed by the Secretary of State by regulations under section 286 of the Pensions Act 2004 to manage the FAS;
“interim assistance” means—
an interim ill health payment from the FAS, and
an initial payment from the FAS;
“non-lump sum assistance” means—
an annual payment from the FAS under regulation 17 (annual payments),
an ill health payment from the FAS, and
an annual payment from the FAS under regulation 17C (annual payments for certain applications in cases of severe ill health);
“permitted maximum”—
(a)in relation to a lump sum paid under regulation 17D, has the same meaning as in section 637GA(2) of ITEPA 2003 (Financial Assistance Scheme: regulation 17D lump sums) as that section has effect in accordance with regulation 4(2) of these Regulations;
(b)in relation to a payment made under regulation 18A in the form of a lump sum, has the same meaning as in section 637GB(2) of ITEPA 2003 (Financial Assistance Scheme: regulation 18A lump sums) as that section has effect in accordance with regulation 4(2) of these Regulations;
“qualifying member” has the meaning given by regulation 15(1); ...
“qualifying pension scheme” has the meaning given in regulation 9 ;
“relevant benefit crystallisation event”—
(a)in relation to an individual’s lump sum allowance, has the same meaning as in section 637Q of ITEPA 2003 (availability of individual’s lump sum allowance);
(b)in relation to an individual’s lump sum and death benefit allowance, has the same meaning as in section 637S of ITEPA 2003 (availability of individual’s lump sum and death benefit allowance); and
“relevant reference number”, in relation to an individual, means a reference number given by or on behalf of the Commissioners for His Majesty’s Revenue and Customs in respect of the individual under—
(a)the Registered Pension Schemes (Enhanced Allowances) Regulations 2006 (where the member relies on any provision of Schedule 36 to FA 2004);
(b)the Registered Pension Schemes (Enhanced Allowances Transitional Protection) Regulations 2011 (where the member relies on fixed protection under Schedule 18 to FA 2011);
(c)the Registered Pension Schemes and Relieved Non-UK Pension Schemes (Enhanced Allowances Transitional Protection) (Notification) Regulations 2013 (where the member relies on fixed protection 2014 under Schedule 22 to FA 2013);
(d)the Registered Pension Schemes and Relieved Non-UK Pension Schemes (Enhanced Allowances Transitional Protection) (Individual Protection 2014 Notification) Regulations 2014 (where the member relies on individual protection 2014 under Schedule 6 to FA 2014);
(e)paragraph 14 of Schedule 4 to FA 2016 (where the member relies on fixed or individual protection 2016 under that Schedule).

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Source: https://www.legislation.gov.uk/uksi/2010/1187/regulation/1 (the official version)
Page: https://openlegislation.uk/financial-assistance-scheme-tax-regulations-2010/regulation-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.