Related Commentary  

94A(1)  This regulation applies if–

(a)a participant has acquired by way of initial purchase an interest in a reporting fund, and

(b)the reporting fund operates full equalisation arrangements.

94A(2)  Where this regulation applies, distributions are reduced in accordance with either option 1 or option 2.

Option 1

Under this option–

(a)the amount of any actual distributions to the participant in respect of the reporting period is reduced by the equalisation amount, and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.