OpenLegislation

Regulation 85 Cost of calculations for transfer of AVCs or SCAVCs into the Scheme where no transfer is requestedI1

England, Wales and Scotland Not yet in force

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

Where–

(a)

at a member’s request an administering authority give him information concerning the amount payable if he elects under regulation 65(2) (including that regulation as applied by regulation 71(1)) for the accumulated value of his invested additional contributions to be used to acquire transfer credits in the Scheme; but

(b)

he does not make such an election before the expiry of the period of three months beginning with the date on which they give him the information,

they may deduct the cost of calculating the transfer value from the accumulated value of the additional contributions mentioned in regulation 63(2).

Annotations

Commencement

I1

Reg. 85 in force at 1.4.1998, see reg. 1