# The National Health Service Pension Scheme (Additional Voluntary Contributions) Regulations 2000, Regulation 14: Repayment of investments in certain cases

Extent: E+W

(1) In the case of a person who—
(a) ceases to be employed in pensionable employment; and
(b) has applied for a refund of contributions under—
(i) regulation L2 of the 1995 Regulations (refund of contributions); ...
(ii) regulation 2.C.18 or 3.C.16 of the 2008 Regulations (repayment of contributions); or
(iii) regulation 40 of the 2015 Regulations (eligibility for refund),
the Secretary of State shall subject to paragraph (2), make arrangements for that person to receive a lump sum equal to the total realisable value of the investments made by the Secretary of State in respect of that person under regulation 7(1), 8(2) or 9(4) less the amount of tax chargeable under the 2004 Act, in accordance with regulation 15(4).
(2) Where, in the circumstances mentioned in paragraph (1), contributions have been made by an employer, the Secretary of State shall make arrangements for that employer to receive a lump sum equal to the total realisable value of the investments made by the Secretary of State under regulation 7(1) in respect of contributions made by that employer less the amount of tax chargeable under the 2004 Act.

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Source: https://www.legislation.gov.uk/uksi/2000/619/regulation/14 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-additional-voluntary-contributions-regulations-2000/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.