Regulation 24 Separate treatment of AVCs and SCAVCs from other contributionsI1

Scotland Not yet in force

(1)

Regulations 41 (rights to return of contributions) and 42 (exclusion of rights to return of contributions) do not apply to–

(a)

AVCs or SCAVCs payable under these Regulations or under any agreement made for the payment of AVCs before the commencement date; or

(b)

interest on late payments which relate to AVCs or SCAVCs.

(2)

The regulations mentioned in paragraph (3) do not apply in relation to benefits under–

(a)

such a policy as is mentioned in regulation 23(3)(b); or

(b)

any agreement made for the payment of AVCs or SCAVCs before the commencement date.

(3)

Those regulations are–

(a)

regulation 51 (first instance decisions);

(b)

regulation 66 (forfeiture of pension rights);

(c)

regulation 67 (interim payments directions); and

(d)

regulation 68 (recovery or retention where former member has misconduct obligations).

Annotations