Automatic Enrolment Retirement Savings System Act 2024
|
Provision of benefits under arrangements made by Authority | ||
|
80. The Minister may, by regulations, make provision under which an amount that would otherwise fall to be paid to a participant under Chapter 2 or 3 may, at the option of the participant, be applied by the Authority by way of— | ||
(a) the purchase of an annuity, | ||
(b) the transfer into an approved retirement fund (within the meaning of section 784A of the Taxes Consolidation Act 1997 ), or | ||
(c) a similar or related arrangement, | ||
for the payment of benefits to or in respect of the participant. |