Regulation 25 Compensation for purported effective pension age paymentsF7I1

This regulation applies where P has, during the period of remediable service, made any F1purported effective pension age payments F2....

F3For the avoidance of doubt, any rights that would otherwise have been secured by thepurported effective pension age payments F4, had P been entitled to make them, are extinguished.

The scheme manager must pay to the appropriate person an amount by way of compensation equal to—

Where determining the tax relief amount under paragraph (3)(b), the scheme manager may adopt an approach which is reasonable in all the circumstances to approximate those amounts.

The following provisions of the PSP Directions 2022 apply in relation to a determination under paragraph (3)(b) as they apply in relation to a determination under direction 23(2)—