Related Commentary  Related HMRC Manuals

241(1)  In this Part “scheme chargeable payment” , in relation to a registered pension scheme, means–

(a)an unauthorised payment by the pension scheme, other than one which is exempt from being scheme chargeable, and

(aa)[Omitted by FA 2011, s. 65 and Sch. 16, para. 74.]

(b)a scheme chargeable payment which the pension scheme is to be treated as having made by section 183 or 185 (unauthorised borrowing), and

(c)a scheme chargeable payment which the pension scheme is to be treated as having made by section 185A (income from taxable property) or 185F (gains from taxable property).

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