Paragraph 16 The qualifying amount of a tax redress payment in respect of an MPs’, Senedd or Assembly pension schemeF1

(1)

The qualifying amount of a tax redress payment.

(2)

For the purposes of this paragraph—

(a)

“qualifying amount”, in relation to a tax redress payment, has the meaning given in regulation 7(3) of the MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025;

(b)

“tax redress payment” has the meaning given in section 15(4) of the Finance Act 2024.

Annotations

Textual amendments

F1: Sch. 3 Pt. VI para. 16 inserted (6.4.2025) by The Social Security (Contributions) (Amendment No. 3) Regulations 2025 (S.I. 2025/325), regs. 1, 2

Notes on the whole SI

Textual amendments

F1: See sections 3(2) and (5), 4(5) and (6), 116, 117, 118, 119 and 120 of the Social Security Contributions and Benefits Act 1992 (c. 4) (“the Act”) as amended respectively by paragraphs 3, 4, 22, 23, 24, 25 and 26 of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2) (“the Transfer Act”). The functions of the Department of Health and Social Services for Northern Ireland under the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) and the Social Security Administration (Northern Ireland) Act 1992 (c. 8) were transferred to the Department for Social Development by Article 8(b) of and Part II of Schedule 6 to the Departments (Transfer and Assignment of Functions) Order (Northern Ireland) 1999 (S.R. 1999 No. 481).
F2: See section 176(2)(b) of the Act.