# The Parliamentary Pensions (Additional Voluntary Contributions Scheme) Regulations 1993, Regulation 3: Trustees and administration


(1) The provisions of Schedule 1 to the principal Regulations shall have effect for the purposes of the AVC scheme.
(2) These Regulations set out arrangements for an AVC scheme whereby participants in the principal scheme may, subject to the approval of the Trustees, make contributions for the purpose of securing benefits additional to those which would otherwise be payable to or in respect of such participants pursuant to the principal Regulations.
(3) Subject to regulation 9(3) below, benefits under the AVC scheme shall be paid by the Trustees in accordance with the provisions of these Regulations.
(4) The Trustees shall be responsible for the discharge of all the duties imposed on the administrator of an AVC scheme under Chapter I of Part XIV of the Taxes Act 1988.
(5) Any sums received by the Trustees by virtue of the AVC scheme shall be paid into a suspense account or accounts used for the purposes of the AVC scheme.

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Source: https://www.legislation.gov.uk/uksi/1993/3252/regulation/3 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-additional-voluntary-contributions-scheme-regulations-1993/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.