Statutory Instrument 1987 No. 1513
The Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987
(The document as of February, 2008)
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STATUTORY INSTRUMENTS
1987 No. 1513
INCOME TAX
The Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987
| Coming into force | 28th August 1987 |
The Commissioners of Inland Revenue, in exercise of the powers conferred on them by paragraph 20(4) of Schedule 3 to the Finance (No.2) Act 1987[1], hereby make the following Regulations:
1. These Regulations may be cited as the Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987 and shall come into force on 28th August 1987.
2. These Regulations determine the amount of a maximum rate lump sum for the purposes of paragraphs 20 and 21 of Schedule 3 to the Finance (No.2) Act 1987.
3. The amount of a maximum rate lump sum shall be the appropriate fraction of the employee's relevant annual remuneration ascertained from the Table in the Schedule to these Regulations by reference to the period of the employee's service with the employer.
A. B. Fallows
T. J. Painter
Two of the Commissioners of Inland Revenue
26th August 1987
Notes:[1] 1987 c. 51.
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