Regulation 7 Limitation of retirement benefits

in paragraph (1), by substituting for the words “This regulation applies” the words “Paragraphs (2) to (5) apply”;

in paragraph (3), by substituting for the words “length of time” the words “number of complete years”; and

by inserting after paragraph (5) the following:

“(6)

Where additional benefits are payable under a voluntary scheme within the meaning of paragraph 8 of Schedule 23 to the Income and Corporation Taxes Act 1988^f1 (limitation of benefits where additional voluntary contributions paid), these Regulations have effect as if that paragraph had applied.”.