Regulation 21 Amendment of the Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995

for paragraph (1) substitute–

“(1)

The Scottish Ministers shall, on application by a person who has ceased to be a contributor by virtue of regulation 8(2)(c) or (d), pay a transfer value representing the value of investments made under regulation 9(1) or 10(2) to any other registered pension scheme in which the person may be participating (provided that the other pension scheme is willing and able to accept such a transfer).”; and

for paragraph (2) substitute–

“(2)

Where a person has ceased to be a contributor before 30th June 2006 a transfer value shall not be payable under paragraph (1) unless that person has applied for a transfer value under regulation G1 of the Superannuation Regulations.”.