# The Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995, Paragraph 5


(1) “retained benefits” means the total of any pensions payable to the participator—
(a) in respect of employment before the participator entered pensionable employment, under a retirement benefits scheme or under an annuity contract falling within section 431(4)(d) of the Taxes Act; or
(b) under a retirement annuity contract or trust scheme approved under Chapter III of Part XIV of the Taxes Act; or
(c) under a personal pension scheme.
(2) In this paragraph “pension” includes the actuarial equivalent as an annual pension of any lump sum.

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Source: https://www.legislation.gov.uk/uksi/1995/2814/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-scotland-regulations-1995/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.