Part IILimitations on Contributions
General 15 per cent. limitation
3.—(1) Subject to paragraph 4, the total contributions to which this paragraph applies, which are paid by a member in any tax year to the fund in respect of all employments in relation to which he is a member, shall not exceed 15 per cent. of his remuneration for that year.
(2) This paragraph applies to all contributions paid by the member—
(a)under Part C (other than under regulation C24), or
(b)under Part C of the 1992 regulations, except regulation C11 (in so far as that Part is continued in effect by virtue of Schedule C5 or Schedule M2), including instalments payable under regulation C7(15) of those regulations.
Excess contributions payable by lump sum: Class B and C members
4.—(1) If the aggregate of the following amounts payable by a Class B member or a Class C member, namely—
(a)any amount by way of additional contributions in pursuance of—
(i)a notice given under regulation 43 of the 1981 regulations, or
(ii)an election made under regulation C9(1), C13 or C14,
(b)the amount of an instalment payable in pursuance of an election under regulation C9 of the 1992 regulations,
(c)any other amounts payable by him under any of those regulations, and
(d)the amount payable by him by way of contributions under regulation C3,
exceeds 15 per cent. of his remuneration, he shall satisfy his liability in respect of the excess by payment of a lump sum of an amount determined in such manner as may be approved by the Government Actuary having regard to such factors as he considers appropriate (and he may issue such Tables as he considers appropriate for the purposes of such determinations) to represent the capital value of the excess.
(2) The contributions to which paragraph 3 applies do not include any payment made by a Class B member or a Class C member under regulation C19(5).
Additional voluntary contributions
5. The amount of the contributions payable under regulation C24 in any tax year, when aggregated with the amount of any other contributions payable under these regulations or to an additional voluntary contributions scheme, within the meaning of that regulation, (whether or not payable under these regulations), shall not exceed the amount allowed to be deducted under subsection (7) of section 592 of the Income and Corporation Taxes Act 1988 as specified in or under subsection (8) or, as the case may be, subsection (8A) of that section.