Regulation 64D Recovery of overpaid pensionF1

(1)

If the abatable pension paid in any tax year has exceeded the amount which should have been paid by virtue of regulations 64B and 64C, the difference between the amount which has been paid and the amount which should have been paid is an overpayment to which paragraph (2) applies.

(2)

Where this paragraph applies, the overpayment is recoverable—

(a)

under regulation 114,

(b)

by a reduction in the abatable pension paid in any subsequent tax year, or

(c)

by a combination of (a) and (b).

Annotations

Textual amendments

F1: Regs. 64-64D substituted for reg. 64 (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 15

Notes on Part 7

Modifications

C1: Pt. 7 applied (1.4.2015) by The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015 (S.I. 2015/601), regs. 1, 4 (with reg. 44(2)(3))