# The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025, Regulation 2: Interpretation


(1) In these Regulations—
“benefit crystallisation event” means a benefit crystallisation event within the meaning of Part 4 of FA 2004, as that Part had effect immediately before 6 April 2024, and references to a numbered benefit crystallisation event are to be construed accordingly;
“lifetime allowance windfall charge” has the meaning given in regulation 16;
“member” means a member of a relevant pension scheme;
“rectification period” means, in relation to a member and a relevant pension scheme, the first pension input period in which the member’s benefits under a relevant pension scheme are adjusted as a result of a rectification exercise;
“relevant lifetime allowance charge” means—
(a) a lifetime allowance charge, or
(b) a charge to income tax arising by virtue of section 19 of the Finance (No. 2) Act 2023.
(2) Expressions used in these Regulations, unless otherwise provided, have the same meaning as in Part 4 of FA 2004 (pension schemes etc).

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Source: https://www.legislation.gov.uk/uksi/2025/52/regulation/2 (the official version)
Page: https://openlegislation.uk/mps-senedd-and-assembly-pension-schemes-tax-regulations-2025/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.