The Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) (Amendment) Regulations 2000
These Regulations make amendments to the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) Regulations 1993 (S.I. 1993/3016) (“the principal Regulations”). The principal Regulations impose restrictions relating to the repayment to an employee of surplus funds arising from the provision of benefits under schemes to which the employee pays additional voluntary contributions and also restrict the Board of Inland Revenue’s discretion to approve such schemes under section 591 of the Income and Corporation Taxes Act 1988 (c. 1).