Amount of moneys by which retirement account can be topped-up
7.—(1) For the purposes of these Regulations, the maximum amount by which the retirement account of a member can be topped-up under section 18(1)(a), (b) or (c) of the Act is the sum specified for the time being under section 18B(3)(b) of the Act, less the amount of the minimum sum that the member has set aside.
(2) The maximum amount by which the retirement account of an applicable member can be topped-up under section 18(2) of the Act —
(a)
subject to sub-paragraph (b), is the normal amount that the Minister would specify under section 15(2A)(a) of the Act for a withdrawal from any applicable member’s retirement account if the withdrawal occurred at the time of the top-up under section 18(2) of the Act, less the amount of the member’s net retirement amount; or
(b)
if the applicable member’s application to be a member of the Lifelong Income Scheme established and maintained under section 27K of the Act has been approved by the Board, is the sum specified for the time being under section 18B(3)(b) of the Act, less that member’s net retirement amount.
(3) For the purposes of these Regulations, the maximum amount which may be transferred from a member’s ordinary account or special account, or from both accounts, to the member’s retirement account under section 18A(1) of the Act is the sum specified for the time being under section 18B(3)(b) of the Act, less the amount of the minimum sum that the member has set aside.