The Judicial Pensions (Additional Voluntary Contributions)Regulations 2017

JurisdictionUK Non-devolved
CitationSI 2017/512
Year2017
  • These Regulations may be cited as the Judicial Pensions (Additional Voluntary Contributions) Regulations 2017 and come into force on 1st April 2017 or, if later, the day after the day on which they are made.
  • In these Regulations –
  • An additional voluntary contributions scheme is established as a defined contributions scheme for the judiciary.
  • (1) The Lord Chancellor is the scheme manager for the AVC scheme and any statutory pension scheme that is connected with it.(2) The AVC scheme is to be administered in accordance with these Regulations.(3) The scheme manager is responsible for managing and administering the AVC scheme and any statutory pension scheme that is connected with it.(4) Before exercising any discretion under these Regulations, the scheme manager must obtain a recommendation from the Judicial Pension Board.(5) If the scheme manager exercises any discretion under these Regulations contrary to a recommendation made by the Judicial Pension Board, the scheme manager must provide written reasons for doing so to the Judicial Pension Board and to the AVC member to whom the discretion relates.(6) The scheme manager and the Judicial Pension Board may agree that paragraphs (4) and (5) do not apply to specific discretions or in specific circumstances.(7) The scheme manager may delegate any functions under these Regulations.these Regulations;any other legislation relating to the governance and administration of the AVC scheme and of any statutory pension scheme that is connected with it; andany requirements imposed by the Pensions Regulator in relation to the AVC scheme and any statutory pension scheme that is connected with it; andin the performance of the scheme manager’s functions under these Regulations.(2) The Judicial Pension Board may determine its own procedures.(1) Membership of the AVC scheme is only open to active members.(2) An active member becomes an AVC member by giving valid notice in writing to the scheme manager.(3) A notice under paragraph (2) is a valid notice if it contains such information as the scheme manager may specify.(4) The scheme manager must only specify such information under paragraph (3) as the scheme manager may require for the purposes of carrying out functions under these Regulations or the AVC scheme.(5) If a person ceases to be an active member they also cease to be an AVC member.
  • relating to the
  • about any benefits which the
  • the Commissioners for Her Majesty’s Revenue and Customs (or to the officers of the Commissioners for Her Majesty’s Revenue and Customs) ; or
  • any authorised provider, or the servants or agents of that provider, who is, or may be, concerned in the investment of the funds or the provision of benefits under the
  • (1) An AVC member must from time to time, as required by the scheme manager, instruct the scheme manager by notice in writing as to the level and form of contributions that the AVC member wishes to make.lump sum payments made from time to time of the same or a different amount;regular payments of the same amount; ora combination of lump sum and regular payments,in the case of a regular payment, the amount of each regular payment or, if expressed as a percentage of salary or fees, that percentage;in the case of a lump sum, the amount of the contribution.(4) An AVC member’s scheme contributions in any tax year must not exceed that amount which, when aggregated with all contributions to any other registered scheme in the same tax year, bring the AVC member’s total contributions for that tax year up to the maximum amount of relief as calculated under section 190 of the 2004 Act.(1) At any time before the AVC member’s normal minimum pension age, an AVC member may make, or arrange to be made, a payment representing the cash equivalent of the AVC member’s accrued rights in any other registered scheme or a qualifying recognised overseas pension scheme to be invested in the scheme.(2) A payment under paragraph (1) from a registered scheme may be accepted by the scheme manager only if the administrator of the registered scheme certifies that the payment is a recognised transfer as defined in section 169 of the 2004 Act.(1) The scheme manager must, as soon as reasonably practicable, invest an AVC member’s scheme contributions made under regulation 9 and any transfer payment accepted under regulation 10 with an authorised provider for the purpose of providing benefits under regulation 12.(2) Where the authorised provider offers more than one type of investment the AVC member must elect that those sums be paid into particular types of investments.(3) The scheme manager is not required to give effect to an election made under paragraph (2) if it is not reasonably practicable to do so.(4) The investments made in

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