- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
14. For paragraph (1) of regulation 50 of the Superannuation Scheme Regulations (Refund of contributions), substitute—
“(1) A member who leaves superannuable employment without becoming entitled to a pension under regulations 12 to 16 (Benefits) or a preserved pension under regulation 49 (Preserved pension) shall be entitled to receive a lump sum refund of his contributions, less tax at—
(a)20 per cent (or at such other rate as applies from time to time) in respect of so much of the lump sum as does not exceed £10,800 (or such other amount as applies from time to time); and
(b)40 per cent (or at such other rate as applies from time to time) in respect of so much (if any) of it as exceeds that limit.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: