The MPs’ Senedd and Assembly Pension Schemes (Tax) Regulations SI 2025/52 address the tax consequences of actions taken to remedy certain failures to introduce adequate transitional provision as part of changes to public service pensions affecting some MPs Senedd Members and Members of the Northern Ireland Assembly.
The remedy/rectification exercises would have adverse tax consequences and the aim of these regulations is to put individuals back in the tax position they would have been in if the discrimination had not occurred.
The Regulations come into force on 13 February 2025 and have effect retrospectively in relation to 2024/25 and subsequent tax years.
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The MPs’ Senedd and Assembly Pension Schemes (Tax) Regulations SI 2025/52 address the tax consequences of actions taken to remedy certain failures to introduce adequate transitional provision as part of changes to public service pensions affecting some MPs Senedd Members and Members of the Northern Ireland Assembly.
The remedy/rectification exercises would have adverse tax consequences and the aim of these regulations is to put individuals back in the tax position they would have been in if the discrimination had not occurred.
The Regulations come into force on 13 February 2025 and have effect retrospectively in relation to 2024/25 and subsequent tax years.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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