Establishment of added pension account
This section has no associated Explanatory Memorandum
47.—(1) A pension account must be established for each active member (P) who makes an added pension election.
(2) If P is an active member in relation to more than one scheme employment, only one added pension account is to be opened.
(3) For the purpose of these Regulations, an account established under paragraph (1) is called an added pension account.