Regulation 20 Amendments to the 1995 Regulations

In regulation 2.30 (which is about payment of tax) after “such person” insert “and, in particular, where there is a liability for the whole or any part of the lifetime allowance charge arising on a benefit crystallisation event in relation to the JAVCS, they shall reduce the fund of the member to whom that liability relates by an amount that is equal in total to the amount of that liability”.