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The Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000

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Requirements to be met by an eligible scheme

22.—(1) The prescribed requirements referred to in section 97F(6)(b) (references to an eligible scheme which satisfies the prescribed requirements) are that—

(a)if the eligible member’s cash equivalent (or any portion of it to be used under section 97F(2) or (3)) is or includes the cash equivalent of safeguarded rights, then the eligible scheme under whose rules rights are acquired is one—

(i)to which those safeguarded rights may be transferred, or

(ii)to which a transfer payment in respect of those safeguarded rights may be made,

in accordance with regulations 16 to 19 (transfers of safeguarded rights), and

(b)if the scheme from which pension credit rights are transferred or from which a transfer payment of such rights is made is of a kind described in any of sub-paragraphs (a) to (e) of regulation 21(2), the eligible scheme to which pension credit rights are transferred or to which a transfer payment in respect of those rights is made is of a kind described in regulation 21(2)(a), (c) or (e).

(2) In this regulation “eligible scheme” means a scheme described in section 97F(6).

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