The Pension Protection Fund (Tax) (Amendment) Regulations 2013
Part 2 of the Pensions Act 2004 (c. 35) established the Pension Protection Fund (“PPF”). The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575) (“the 2006 Regulations”) apply the Tax Acts to PPF with modifications to ensure the tax treatment of pension compensation paid by PPF is the same tax treatment as of a pension or lump sum paid by a registered pension scheme.