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Regulation 16 Allocation of part of annual compensation

Original text. Later amendments are not shown.

Regulation 7 of the 1982 Regulations shall be amended—

(a)

in paragraph (1), by substituting for the words “regulation E4” the words “regulation E20”;

(b)

in paragraph (2), by substituting for the words “and (3)(a)” the words “and (4)(a)”; and

(c)

by inserting after paragraph (4)—

“(5)

Where regulation E20 of the Superannuation Regulations does not apply to a beneficiary in consequence of a relevant disqualification, paragraph (1) shall have effect as if he had been allowed as mentioned in that paragraph, and in such a case the annual compensation which he is entitled to surrender in accordance with paragraph (2) shall be such part as he may specify in the notice required under paragraph (1).”.