Paragraph 4 Voluntary contributions
Where the person was formerly in local government employment and was making voluntary contributions which he had continued but not completed while in approved employment, or where the person was making similar payments originating in the approved employment or any other employment, and in either case has elected to continue payments under rule 12, then—
(a)
the period in respect of which the payments were being made shall be treated as if the payments had been completed before he left approved employment; and
(b)
the transfer value shall be reduced by the amount of the payments outstanding at the date of leaving approved employment.