- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
6.—(1) At any time, by giving written notice to the Secretary of State, a basic contributor–
(a)may if he is paying regular contributions–
(i)alter their amount,
(ii)require them to be invested in future, under regulation 9, in a different way, or
(iii)cancel his election under regulation 4(1), and
(b)may in any case require the Secretary of State to realise any investment and to reinvest the proceeds, under regulation 9, in a different way.
(2) A death benefit contributor may at any time elect–
(a)that a specified larger lump sum is to be secured, or
(b)if he has made an election under regulation 5(3), to cancel it or to alter in any specified way the manner in which the pension element is to be applied, or
(c)to cancel his election under regulation 5(1).
(3) A person paying further contributions under regulation 5(5) (continuance of death benefit cover after the age of 60) may at any time make any election that he could have made under regulation 5(3) or paragraph (2)(a) or (b) above if he had been paying death benefit contributions.
(4) The Secretary of State is to give effect as soon as is reasonably practicable to the terms of any notice given under this regulation.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: