Regulation 10 Inward transfers
(1)
The Secretary of State may accept a transfer value from the administrator of–
(a)
a free-standing additional voluntary contributions scheme, or
(b)
an approved scheme which provides additional benefits but does not fall within section 591(2)(h) of the Taxes Act,
in respect of a basic contributor.
(2)
A transfer value accepted by the Secretary of State is to be invested by him as if it had been a lump sum contribution and regulation 9(4) and (5) had accordingly applied.