The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023 No. 131

PART 8 N.I. Liabilities and payment

CHAPTER 3 N.I. Reduction and waiver of liabilities

Requirement to reduce liabilities by tax relief amounts N.I.

73.—(1) This regulation applies where—

(a) a person owes a liability to pay pension contributions in relation to the remediable teacher service of a remedy member, or

(b) the scheme manager owes a liability to pay compensation in relation to such service,

under section 15, 16 or 17 of PSPJOA 2022.

(2) The scheme manager must reduce the liability by tax relief amounts(1)—

(a) determined in accordance with direction 4(5) to (9) of the PSP(NI) Directions 2023, and

(b) before the liability is netted off in accordance with regulation 72.

(3) The following provisions of the PSP (NI) Directions 2023, apply where the scheme manager makes a determination in accordance with direction 4(8)—

(a) direction 4(10) (provision of explanation);

(b) direction 4(11) and (12) (appeals).

Commencement Information

I1 Reg. 73 in operation at 1.10.2023, see reg. 1

(1)

See section 18(4) of PSPJOA 2022 for the meaning of “tax relief amounts” for the purposes of a liability mentioned in regulation 72(1)(a) and section 18(7) of that Act for the meaning of that term for the purposes of a liability mentioned in regulation 72(1)(b).