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This is the original version (as it was originally made).
Payment of contributions
This section has no associated Explanatory Memorandum
15.—(1) P must—
(a)make the first monthly payment on or before the start date; and
(b)continue to make the monthly payments until the date on which the final monthly payment is due.
(2) The contributions payment period must end before P reaches normal pension age.
(3) If the scheme manager re-determines the amount of the monthly payment during the contributions payment period, P must pay the re-determined amount from the beginning of the next financial year.
(4) P is taken to revoke an additional pension election if—
(a)a monthly payment is missed; and
(b)the payment is not made within 3 months after P receives a written demand from the scheme manager.
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