A payment is an authorised surplus payment for the purposes of authorised employer payments if it is of a description prescribed by regulations made for these purposes (FA 2004, s. 177).

The prescribed payments are:

(1)a payment which is either:

(a)the repayment of a surplus to the employer within the Pensions Act 1995, s. 37; or

(b)a payment representing excess assets in connection with the winding-up of an occupational scheme within s. 76 of that Act (SI 2006/574, reg. 2(2), (3));

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