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21. For regulation 8(1) of the Additional Voluntary Contributions Regulations(1)(inward transfers), substitute–
“(1) Where a person who enters pensionable employment has paid contributions to a another additional voluntary contribution which is a registered pension scheme for the purposes of the 2004 Act, that person, whether or not he becomes 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 he wishes 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 his contributions.”.
Regulation 8(1) was amended by S.S.I. 2004/62, regulation 7.
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