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The National Health Service Pension Scheme (Scotland) (Additional Voluntary Contributions) Regulations 2018

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9.—(1) Where a person who enters pensionable employment has paid contributions to another additional voluntary contribution which is a registered pension scheme for the purposes of the 2004 Act, that person, whether or not becoming a contributor within the meaning of these Regulations, may, within—

(a)12 months of entering pensionable employment; or

(b)such longer period as the Scottish Ministers may in any particular case allow,

give written notice to the Scottish Ministers that they wish the Scottish Ministers to accept from the trustees or managers of that scheme a transfer value representing at least the value of the investments derived from the contributions made by that person.

(2) Where a transfer value is accepted by the Scottish Ministers it must be invested by them, in accordance with the wishes of the person entering pensionable employment, in one or more of the authorised funds.

(3) Where a transfer value is invested under paragraph (2) the person may at any time, by giving written notice to the Scottish Ministers, require the Scottish Ministers to realise the whole or part of the sums so invested and to reinvest the proceeds in a different way.

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