Regulation 2 Interpretation

In these Regulations unless the context otherwise requires—

• “arrangements” means approved personal pension arrangements within the meaning of section 630;

• “the Board” means the Commissioners of Inland Revenue;

• “net contribution” means a contribution from which an individual deducts an amount equal to income tax at the basic rate by virtue of section 639(3) and (4);

• “net relevant Schedule E earnings” means“relevant Schedule E earnings” computed in accordance with section 646;

• “relevant Schedule E earnings” means“relevant earnings” within the meaning of section 644 but with the omission of subsection 2(c) and (d) of that section;

• “relevant superannuation scheme” means a scheme or arrangement as defined in section 645(3);

• “retirement annuity contract or trust scheme” means a retirement annuity contract or trust scheme approved by the Board under Chapter III of Part XIV of the Act;

• “scheme” means an approved personal pension scheme within the meaning of section 630;

• “section” means a section of the Income and Corporation Taxes Act 1988;

• “tax month” means a period beginning on the 6th day of any month and ending with the 5th day of the following month;

• “year of assessment” means a year beginning with 6th April in any year and ending with 5th April in the following year.

The Table below indexes other definitions in these Regulations—