The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996 No. 493

Part IV Money Purchase Contracted-out Schemes

Manner of payment of the age-related payment

35.  The Department shall make the age-related payment—

(a) by automated credit transfer into a bank or building society account relating to the relevant scheme and which accepts payments made by automated credit transfer, or

(b) in such other manner as the Department may in its discretion approve.