Explanatory note

These Regulations amend the Personal Pension Schemes (Relief at Source) Regulations 1988 (S.I. 1988/1013) (“the principal Regulations”) and supplement changes made by the Finance Act 2000 (c. 17) to Chapter IV of Part XIV of the Income and Corporation Taxes Act 1988 (personal pension schemes). The amendments enable telephone, facsimile and internet applications to be made by contributors to personal pension schemes to scheme providers to enable tax relief on personal pension contributions to be given by way of deduction at source. They also make further provision in relation to the particulars to be furnished by contributors to scheme providers.

Regulation 1 provides for citation, commencement and effect and regulation 2 for interpretation.

Regulations 3 to 15 make amendments to the principal Regulations.