Amendment of regulation 3 of the AVC Regulations
21.—(1) Regulation 3(1) of the AVC Regulations (Making and acceptance of elections) is amended in accordance with this regulation.
(2) In paragraph (1)(a), for “an annuity payable on retirement;” substitute “an annuity or a pension commencement lump sum and an annuity payable on retirement;”.
(3) In paragraph (3)(b), for “section 594(1) of the Taxes Act (exempt statutory schemes)” substitute “section 190 of the 2004 Act (Annual limit of relief)”.
(1)
Regulation 3 was amended by S. R. 2002 No. 129 and S. R. 2005 No. 154