- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
154.—(1) A person (P) is a “death grant beneficiary” of a pension credit member if—
(a)the member has nominated P to receive a death grant or a share of a death grant on the member’s death; and
(b)at the date of the member’s death, the nomination has effect.
(2) A member may nominate P by giving written notice to the scheme manager.
(3) The nomination ceases to have effect if—
(a)the member revokes the nomination by giving written notice to the scheme manager;
(b)the member subsequently nominates a different person in place of P; or
(c)P dies.
(4) If a member nominates more than one death grant beneficiary, the notice must state—
(a)the share of the death grant to be paid to each beneficiary; and
(b)whether, if a beneficiary dies before the member, the beneficiary’s share must be paid—
(i)to the surviving beneficiaries in accordance with paragraph (5); or
(ii)to the member’s executors as part of the member’s estate.
(5) If a beneficiary’s share is to be paid to the surviving beneficiaries, it is to be paid to them in shares such that the proportion which each surviving beneficiary’s share bears to each of the other surviving beneficiaries’ shares is the same as it was in the nomination.
(6) A death grant beneficiary must be an individual.
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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