- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
17.—(1) The prescribed circumstances for the purposes of paragraph 24(1) of Schedule 6 (commutation of periodic compensation) are the circumstances specified in paragraph (2).
(2) The circumstances are that a person entitled to periodic compensation under paragraph 5, 8, 11 or 15 of Schedule 6 (pension compensation provisions) –
(a)must not have exercised an option to commute for a lump sum a portion of the pension in respect of which that person is entitled to periodic compensation, and
(b)must exercise the option to commute under paragraph 24(1) of Schedule 6 within six months beginning with the date on which –
(i)the Board gives the trustees or managers of the scheme a transfer notice under Article 144(2) (transfer notice); or
(ii)entitlement to periodic compensation arises,
whichever is the later.
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.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: