# The Judicial Pensions (Additional Voluntary Contributions) Regulations 1995 (Amendment) Regulations 2017, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Additional Voluntary Contribution scheme in Part 2 of the Judicial Pensions (Additional Voluntary Contributions) Regulations 1995 (S.I. 1995/639) to–
insert a definition of accrued benefits (regulation 3(a));
increase the ways in which members may contribute to the scheme (regulations 4, 5 and 6);
remove certain limits on the level of members’ contributions (regulation 4);
make it compulsory that the member elects that his or her contributions be paid into particular types of investments (regulation 7);
allow transfers in to the scheme from a qualifying recognised overseas pension scheme (regulation 8 and a definition of “qualifying recognised overseas pension scheme” is inserted by regulation 3(b));
extend the range of benefits that are payable by reference to that which is permissible under the Finance Act 2004 (c.12) (regulation 9);
remove the restriction that benefits may only be paid at or after a member’s normal minimum pension age (regulation 9);
ensure that administrative expenses are deducted from the realisable value of the investments made by the administrators with the contributions made by the member (regulation 11).
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2017/208/note (the official version)
Page: https://openlegislation.uk/judicial-pensions-additional-voluntary-contributions-regulations-1995-amendment-regulations-2017/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.