{
  "url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-191",
  "json_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-191.json",
  "legislation": "uksi/2014/512",
  "legislation_title": "The Teachers' Pension Scheme Regulations 2014",
  "legislation_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014",
  "path": "regulation/191",
  "kind": "regulation",
  "number": "191",
  "heading": "Calculation of balance of contributions",
  "text": "(1) The balance of contributions is (A-B)-C, where—\nA is the total of the amounts specified in paragraph (2);\nB is the total of the deductions specified in paragraph (3); and\nC is the amount of tax chargeable on (A-B) under section 205 of FA 2004.\n(2) The amounts are—\n(a) all members' contributions, additional pension contributions, buy-out contributions and faster accrual contributions paid up to the date of receipt of the application for repayment, except any paid in respect of a period of pensionable service for which a short-service serious ill-health grant has been paid; and\n(b) interest on those contributions from the first day of the financial year following that in which they were paid to the date of payment at 3% per year, compounded with yearly rests.\n(3) The deductions are—\n(a) the amount of any previous repayment under regulation 189; and\n(b) if the scheme manager has paid a contributions equivalent premium, the amount recoverable by the scheme manager under sections 61 to 63 of PSA 1993.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/512/regulation/191",
    "retrieved_at": "2026-10-29T00:24:37.807691+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."
}