{
  "url": "https://openlegislation.uk/mps-senedd-and-assembly-pension-schemes-tax-regulations-2025/regulation-22",
  "json_url": "https://openlegislation.uk/mps-senedd-and-assembly-pension-schemes-tax-regulations-2025/regulation-22.json",
  "legislation": "uksi/2025/52",
  "legislation_title": "The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/mps-senedd-and-assembly-pension-schemes-tax-regulations-2025",
  "path": "regulation/22",
  "kind": "regulation",
  "number": "22",
  "heading": "Adjustment of benefits where charge paid by scheme administrator",
  "text": "(1) This regulation applies where—\n(a) a member’s benefits under a relevant pension scheme were subject to a relevant adjustment,\n(b) either—\n(i) a rectification exercise takes place which, if it had been retrospective, would have meant that the relevant adjustment was excessive, or\n(ii) the relevant adjustment was made in connection with a rectification exercise and, if that exercise had been retrospective, the adjustment would have been excessive, and\n(c) the member’s benefits under the scheme are increased by an amount which removes the excessive amount of the relevant adjustment.\n(2) The increase in paragraph (1)(c) is to be disregarded in the calculation, for a pension input period, of the closing value of the member’s rights under an arrangement under the scheme.\n(3) In this regulation, “relevant adjustment” means the reduction of a member’s benefits by a scheme administrator as a result of the satisfaction of a liability in respect of that member to—\n(a) an annual allowance charge, whether in accordance with a notice under section 237B(3) of FA 2004 or by agreement with the member, or\n(b) a lifetime allowance charge.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/52/regulation/22",
    "retrieved_at": "2026-10-31T10:28:11.255071+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}