Paragraph 20

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.C4, para.16(l)(b)(ii) amended by Local Government Pension Scheme 1996 reg.20
Sch. C4 para. 23 words substituted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 492(2)
Sch. C4 para. 24 inserted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 492(3)

The making of contributions under regulations C24, and any rights or liabilities arising under a pension policy entered into under paragraphs 6 or 7, shall be left out of account in calculating the amount of a transfer value payable under Part K; and regulations H4 (forfeiture etc.) and L17 (recovery and retention) and Part J (decisions and appeals) do not apply in relation to benefits under such a policy.