The Pension Scheme Surpluses (Valuation) Regulations 1987

Extract

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The Pension Scheme Surpluses (Valuation) Regulations 1987

Statutory Instruments

INCOME TAX

Made

13 th March 1987

Laid before the House

16 th March 1987

Coming into force

6 th April 1987

The Commissioners of Inland Revenue in exercise of the powers conferred on them by Part II of Schedule 12 to the Finance Act 1986(1) hereby make the following Regulations:

Citation and commencement

1.  These Regulations may be cited as the Pension Scheme Surpluses (Valuation) Regulations 1987 and shall come into force on 6 th April 1987.

Interpretation

2.  In these Regulations unless the context otherwise requires—

“administrator” means the person or persons having the management of a scheme;

“Board” means Commissioners of Inland Revenue;

“the effective date” in relation to a valuation is the date stated to be the effective date in the signed valuation;

“employer” means employer of members of a scheme;

“indexed-gilt” means a public sector index-linked s...

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