The Scotland Act 1998 (Transitory and Transitional Provisions) (Scottish Parliamentary Pension Scheme) Order 1999

Contributions

4.—(1) A contributor may make contributions to the AVC Scheme of such amount within limits imposed by the Board of Inland Revenue, at such times and in such manner as may be specified by the Parliamentary corporation, with the approval of the institution with which the contributions are to be invested.

(2) A contributor’s contributions to the AVC Scheme in any tax year must not exceed whichever is the smaller of–

(a) such amount determined by the Parliamentary corporation on a basis acceptable to the Board of Inland Revenue as is likely to provide benefits equal to the limits set out in paragraph 10; or

(b) that percentage of the contributor’s total salary which, together with any other contributions made by the contributor to any scheme (including this Scheme) providing benefits in respect of service, will bring the total of contributions to 15% of that salary, or where his annual salary exceeds the permitted maximum, to 15% of that permitted maximum.

(3) In sub-paragraph (2)(b) above, a contributor’s total salary means–

(a) in respect of a contributor who is a participating member and not a participating office holder, a member’s salary;

(b) in respect of a contributor who is both a participating member and a participating office holder, a member’s salary and his office holder’s salary;

(c) in respect of a contributor who is a participating office holder and not a member of the Parliament, his office holder’s salary.

(4) A transfer value to the AVC Scheme shall only be accepted by the Parliamentary corporation if it is from either–

(a) a free-standing additional voluntary contributions scheme, which is not an appropriate personal pension scheme which satisfies the requirements prescribed under sections 9(3) and (5), 26 and 31(2) of the Pension Schemes Act 1993(1); or

(b) an additional voluntary scheme which is an approved scheme:

Provided that, in either case–

(i) it is certified by the administrator of that scheme to represent only the realisable value of the contributor’s own contributions to that scheme; and

(ii) acceptance will not cause the contributor’s benefits to exceed the limits set out in paragraph 10.

(1)

1993 c. 48; section 9(3) was amended by the Pensions Act 1995 (c. 26), section 136(4), Schedule 5, paragraph 24 and Schedule 7, Part III.