# The Teachers' Pension Scheme Regulations 2014, Paragraph 4: Limit on elections


(1) The scheme manager must not accept an additional pension election or a faster accrual election in relation to a member (P) at any time if—
(a) the scheme manager has accepted a buy-out election from P; and
(b) the buy-out value at that time exceeds the overall amount of extra pension at that time.
(2) The scheme manager must not accept an additional pension election or a faster accrual election that would result in the amount of extra pension exceeding the overall amount of extra pension.

---
Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.