Regulation 18 Retrospective effect
Subject to paragraph (3), any sum paid to the Secretary of State by a person in pensionable employment in anticipation of these Regulations is to be treated as if it had been paid under these Regulations.
A sum is one paid in anticipation of these Regulations if–
it was paid after 2nd February 1989 and before the commencement of these Regulations on the understanding that if regulations providing for additional voluntary contributions were made it would be treated as such a contribution, and
if paid before 6th April 1989, it would not, if these Regulations had been in force during the tax year ending with 5th April 1989, have exceeded the limit imposed by regulation 8(4), and
if paid after 5th April 1989, it did not exceed the limit imposed by regulation 8(4) on contributions paid in the tax year beginning on 6th April 1989.
Nothing in this regulation is to be taken to have imposed on the Secretary of State any obligation to make any investment before the commencement of these Regulations, but–
any investment so made is to be treated as having been made under these Regulations, and
if any investment was so made and an event on which a benefit would have been payable occurred before the commencement of these Regulations, the benefit is to be paid.