Regulation 8 Payment and amount of contributions

(1)

Regular contributions are payable to the Secretary of State at intervals of one month.

(2)

Death benefit contributions and further contributions under regulation 5(5) (continuance of death benefit cover after the age of 60) are payable to the Secretary of State at the same times as regular contributions.

(3)

All contributions except lump sum contributions are to be deducted from the person’s salary by his employer, who must remit them to the Secretary of State within 7 days after the date on which they became payable.

(4)

The total of the contributions of all kinds paid in any tax year must not exceed the lesser of (A-B-C) and D, where–

is 15 per cent of the person’s emoluments for that year,

is the total of any contributions paid by him in the year to another approved scheme,

is the total of the contributions paid by him in the year under the 1988 Regulations, and

is the amount which would be likely to provide benefits of the largest amounts allowed by regulation 13.