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The Health and Personal Social Services (Superannuation Scheme, Injury Benefits and Additional Voluntary Contributions) (Amendment) Regulations (Northern Ireland) 2006

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Amendment of regulation 60 of the Superannuation Scheme Regulations

15.  For paragraph (1) of regulation 60 of the Superannuation Scheme Regulations (Member’s right to transfer accrued rights to benefits to the scheme), substitute—

(1) Within 12 months after joining the scheme, a member in superannuable employment may, in writing, request the Department to accept a transfer payment in respect of the member’s rights under another occupational pension scheme, a personal pension scheme, or a buy-out policy but not in respect of rights under a free-standing AVC scheme—

(a)established on, or after, the 6th April 2006 as a registered free-standing AVC scheme for the purposes of the 2004 Act; or

(b)which on 6th April 2006 became a registered free-standing AVC scheme for the purposes of that Act and which immediately before that date was approved by the Commissioners for Her Majesty’s Revenue and Customs by virtue of section 591(2)(h) of the Income and Corporation Taxes Act 1988 (free-standing AVC schemes)..

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