The Judicial Pensions (Additional Voluntary Contributions) (Amendment) Regulations 2006
These Regulations amend the Judicial Pensions (Additional Voluntary Contributions) Regulations 1995 (“the 1995 Regulations”). They provide for—the amendment of the Additional Voluntary Contributions schemes set out in Part 2 and Part 4 of the 1995 Regulations to ensure that they are compliant with the new tax regime set out in the Finance Act 2004, which applies from 6th April 2006,the amendment of the schemes in Part 2 to extend the range of benefits that are payable by reference to what is permissible under the Finance Act 2004,the repeal of Part 3 of the 1995 Regulations. Part 3 made provision for free standing additional voluntary contributions schemes which is no longer necessary, andthe closure of the three additional voluntary contributions schemes set out in Part 4 of the 1995 Regulations with provision to enable existing members to continue to contribute.