Regulation 62 Requirement to reduce liabilities by tax relief amountsI1

England and Wales

(1)

This regulation applies where F1, under section 15, 16 or 17 of PSPJOA 2022—

(a)

a person owes a liability to pay pension contributions in relation to the remediable service as a firefighter of a remedy member, or

(b)

the scheme manager owes a liability to pay compensation in relation to such service.

(2)

The scheme manager must reduce the liability by tax relief amounts—

(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 61.

(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).

Annotations

F1: Word in reg. 62(1) substituted (9.2.2024) by The Police and Firefighters’ Pensions (Remediable Service) (Amendment) Regulations 2024 (S.I. 2024/59), regs. 1(2), 3(10)