Search Legislation

Teachers' Superannuation (Additional Voluntary Contributions) Regulations (Northern Ireland) 1996

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

14.—(1) The lump sum death benefit under regulation 13 shall not be such as to cause the total of that lump sum and any death benefits totalling £2,500 or more that are payable under relevant schemes to exceed the permitted amount.

(2) Relevant schemes are—

(a)approved schemes;

(b)schemes approved under Chapter IV of Part XIV of the Taxes Act;

(c)free-standing additional voluntary contributions schemes;

(d)retirement annuity contracts approved under Chapter III of Part XIV of the Taxes Act; and

(e)the scheme constituted by the Principal Regulations.

(3) The permitted amount is the greater of—

(a)£5,000; or

(b)4 times the participator’s remuneration.

(4) The participator’s remuneration is the greatest of U, V and W, where—

  • U is what the participator’s final remuneration would have been if the date of death had been the material date;

  • V is the participator’s highest year’s adjusted salary for the purpose of calculating U; and

  • W is the participator’s total taxable earnings during any period of 12 months ending not more than 3 years before the date of death, increased as mentioned in paragraph 4(1).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources