ABSTRACT
The treatment of pension scheme surpluses is dealt with (inter alia) in Part 13 of the Occupational Pension Scheme Practice Notes (IR 12, 1991) as read in conjunction with ss 601 and 602, Schedule 22 of the ICTA 1988, the Pensions Scheme Surpluses (Valuation) Regulations 1987 (SI 987/412), as amended, the Pension Scheme Surplus (Administration) Regulations 1987 (SI 1987/352) and the Pensions Act 1995.
