- Latest available (Revised)
- Original (As made)
The Occupational Pension Schemes (Discharge of Protected Rights on Winding Up) Regulations (Northern Ireland) 1996
You are here:
- Northern Ireland Statutory Rules
- 1996 No. 94
- Regulation 5
What Version
More Resources
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Conditions on which appropriate policies of insurance may be commuted
5. The conditions referred to in section 28A(2)(c) of the Act (policy of insurance appropriate where commutation conditional on satisfying prescribed requirements) are—
(a)that the benefits secured by the policy of insurance have become payable, and the aggregate of those benefits payable to the beneficiary or, as the case may be, to his widow or her widower does not exceed £260 per annum, and
(b)all of the beneficiary’s interest under the policy of insurance is discharged upon payment of the lump sum.
Options/Help
Print Options
PrintThe Whole Rule
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.