Related Commentary  Related HMRC Manuals

183(1)  Subsection (2) applies if a registered pension scheme borrows in respect of a money purchase arrangement an amount which it is not authorised to borrow under section 182.

183(2)  The pension scheme is to be treated as having made a scheme chargeable payment–

(a)if subsection (3) applies, of an amount calculated in accordance with subsection (4), and

(b)otherwise, of the amount borrowed.

183(3)  This subsection applies if, immediately before the amount is borrowed–

APB <   VA

183(4)  If subsection (3) applies, the amount of the scheme chargeable payment is–

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.