
1 
These Regulations may be cited as the Retirement Benefits Schemes (Continuation of Rights of Members of Approved Schemes) (Amendment) Regulations 1999 and shall come into force on 30th July 1999.
2 
In these Regulations “the principal Regulations” means the Retirement Benefits Schemes (Continuation of Rights of Members of Approved Schemes) Regulations 1990 and “regulation” means a regulation of the principal Regulations.
3 
After regulation 7 there shall be inserted the following regulation–“
7AA 

(1) In the circumstances prescribed in paragraph (2) below, paragraph 23 of the Schedule shall be modified so that the references in paragraph 23(2)(b) and (3) to the pension payable under the scheme to the employee for the first year in which it is payable shall be construed disregarding the period between the first event and the second event.
(2) The circumstances prescribed in this paragraph are circumstances where a pension becomes payable by virtue of voluntary contributions made to an approved scheme by the employee (in this regulation referred to as “the first event”), before benefits provided for him by–
(a) the principal provisions of the scheme, or
(b) where the scheme contains provision for the payment of voluntary contributions which is freestanding, the main scheme,
become payable (in this regulation referred to as “the second event”).
(3) In this regulation “freestanding”, “principal provisions” and “the main scheme” have the same meanings as in paragraph 35 of Schedule 6 to the Finance Act 1989.”
S C T Matheson
Tim Flesher
Two of the Commissioners of Inland Revenue
9th July 1999