Examples of Inland Revenue Limits in a sentence
If a combination of payments would cause Inland Revenue Limits to be exceeded, the Trustee shall reduce all or any of them in any manner which they think fit but only to the extent necessary to satisfy the Pension Trustee that Inland Revenue Limits are not exceeded.
Accordingly, benefits shall not unless the Pension Trustee decides otherwise with the consent of the URC exceed Inland Revenue Limits.
Any excess monies remaining, after the three Priorities in (5) above have all been satisfied shall be used to provide such increases in benefits payable under the Defined Benefit Rules (or benefits for persons not otherwise entitled under the Plan) not exceeding Inland Revenue Limits as the Trustee shall decide.
An E Plan Member shall be entitled at his Normal Retirement Date to a pension equal to 2/3rds of his Final Pensionable Earnings subject at all times to Inland Revenue Limits.
Inland Revenue Limits are summarised in Part II of this schedule.
The Section 10 claim challenges the expenditure of Plaintiffs’ tax dollars for religious uses—including the religiously motivated discrimination undertaken to serve the schools’ religious beliefs or to further the schools’ theological commitments and religious missions.9 And the Section 2 claim challenges the diversion of Plaintiffs’ tax dollars from the public schools to support a separate educational system that is neither public, nor secular, nor generally open to all.
Details of the Inland Revenue Limits, which the Inland Revenue required schemes to apply as a condition of initial and continued approval in accordance with ICTA, were set out in IR12, which was revised from time to time.
The Schedule hereto has effect as part of the Rules and sets out the Tax Rules and the Inland Revenue Limits on benefits that apply to the Fund.
The 2008 deed During the voluntary application of the Inland Revenue Limits pursuant to the 2006 Deed, the Principal Employer and the Trustee entered into the 2008 Deed.
The [Existing Schemes Regulations] are disapplied.Relaxation of [Pre-A-Day Inland Revenue Limits] 8.