The Personal Pension Schemes (Minimum Contributions under the Social Security Act 1986) Regulations 1988
Subsection (1) of section 649 of the Income and Corporation Taxes Act 1988 provides that where, under Part I of the Social Security Act 1986, the Secretary of State pays minimum contributions for the purposes of approved personal pension arrangements, the employee’s share of those contributions shall, instead of being the amount provided for in that Part, be“the grossed up equivalent” of the amount so provided for; and by subsection (2) of that section“the grossed up equivalent” of such an amount is such sum as, after deduction of income tax at the basic rate for the year of assessment for which the contributions are paid, is equal to that amount.