# The Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1992, Regulation 6: Variation and cancellation of elections


(1) A contributor who has elected under regulation 4(1) to pay periodical contributions for the purpose of investment under regulation 9(1) may at any time by giving written notice to the Secretary of State—
(a) alter the amount of the periodical contributions,
(b) require them to be invested in future, under regulation 9(1), in a different way, or
(c) cancel the election under regulation 4(1).
(2) A contributor who has elected under regulation 4(1) to pay periodical contributions to provide a lump sum death benefit may at any time by giving written notice to the Secretary of State—
(a) subject to regulation 7(5), elect that a specified larger sum is to be secured and the periodical contributions increased accordingly, or
(b) if the contributor has made an election under regulation 5(2), cancel it or alter in any specified way the manner in which the pension element is to be applied, or
(c) cancel the election under regulation 4(1).
(3) A contributor who has elected under regulation 4(1) to pay periodical contributions for the purpose of investment under regulation 9(1) may at any time by giving written notice to the Secretary of State require the Secretary of State to realise any investments and to reinvest the proceeds in a different fund to be specified by the contributor.
(4) A person paying further periodical contributions under regulation 5(4) may at any time make an election under regulation 5(2) or do anything authorised by paragraph (2) above.
(5) The Secretary of State shall give effect as soon as is reasonably practicable to the terms of any notice given under this regulation.

---
Source: https://www.legislation.gov.uk/uksi/1992/2649/regulation/6 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-scotland-regulations-1992/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.