Regulation 10 Disapplication of paragraph 7 of the Schedule

(1)

The provisions contained in paragraph 7 of the Schedule shall not apply in the circumstances prescribed in this regulation.

(2)

The circumstances prescribed in this regulation are circumstances where —

(a)

before 8th April 1987 an employee had entered into arrangements for the payment of voluntary contributions (in this paragraph referred to as “the original arrangements”); and

(b)

on or after that date —

(i)

the employee (having ceased to pay voluntary contributions whether or not on or after that date) —

(a)

recommences to pay such contributions under the original arrangements, or

(b)

commences to pay such contributions under other arrangements provision for which is made by the rules of a scheme established by his employer; or

(ii)

the employee ceases to pay voluntary contributions under the original arrangements and commences to pay such contributions under arrangements provision for which is made by the rules of a scheme established by a relevant employer; or

(iii)

any one or more of the terms of the original arrangements in relation to —

(a)

the amount of the voluntary contributions,

(b)

the date on which such contributions are paid, or

(c)

the manner in which such contributions are invested,

is varied.