# The Occupational Pension Schemes (Additional Voluntary Contributions) (Amendment) Regulations 1990, Regulation 3: Amendments to the Principal Regulations


(1) In regulation 2(1) of the Principal Regulations after the definition of “the Board” there shall be inserted—
“permitted maximum contributions” in relation to a year of assessment means—
(a) 15 per cent. of a scheme member’s remuneration, or
(b) if section 592(8B) of the Income and Corporation Taxes Act 1988 has effect as regards a scheme member’s remuneration, 15 per cent. of his permitted maximum remuneration;
“permitted maximum remuneration” in relation to a year of assessment means the figure found for that year by virtue of section 592(8D) and (8E) of the Income and Corporation Taxes Act 1988;
“remuneration” shall be interpreted in accordance with section 612(1) of the Income and Corporation Taxes Act 1988;
(2) After regulation 2(1) of the Principal Regulations there shall be inserted—
“(1A) For the purposes of these Regulations a person is a controlling director of a company if he is a director (as defined by section 612(1) of the Income and Corporation Taxes Act 1988), and he is within paragraph (b) of section 417(5) of that Act, in relation to the company.”

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Source: https://www.legislation.gov.uk/uksi/1990/585/regulation/3 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-additional-voluntary-contributions-amendment-regulations-1990/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.