{
  "url": "https://openlegislation.uk/pension-scheme-surpluses-administration-regulations-1987/regulation-2",
  "json_url": "https://openlegislation.uk/pension-scheme-surpluses-administration-regulations-1987/regulation-2.json",
  "legislation": "uksi/1987/352",
  "legislation_title": "The Pension Scheme Surpluses (Administration) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/pension-scheme-surpluses-administration-regulations-1987",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations unless the context otherwise requires—\n“administrator”means the person or persons having the management of an exempt approved scheme;\n“the Board”means the Commissioners of Inland Revenue;\n“excluded payment”has the meaning given to it by regulation 4;\n“Schedule 12”means Schedule 12 to the Finance Act 1986;\na“surplus payment”means a payment out of funds of an exempt approved scheme which is a payment (not being an excluded payment) to which paragraph 1(1) of Schedule 12 refers;\na“tax payment”means the amount equal to 40 per cent. of a surplus payment to which paragraph 1(2) of Schedule 12 refers.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/352/regulation/2",
    "retrieved_at": "2026-10-29T16:31:18.293212+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."
}