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Welfare Reform and Pensions Act 1999

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Changes over time for: Cross Heading: Pension Schemes Act 1993 (c.48)

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Pension Schemes Act 1993 (c.48)U.K.

28E+W+SThe Pension Schemes Act 1993 has effect subject to the following amendments.

F129E+W+S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F230E+W+S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

31(1)Section 83 is amended as follows.E+W+S

(2)In subsection (1), before “benefits”, in both places, there is inserted “ relevant ”.

(3)After that subsection there is inserted—

(1A)The following are relevant benefits for the purposes of subsection (1)—

(a)any benefits payable otherwise than by virtue of rights which are attributable (directly or indirectly) to a pension credit, and

(b)in the case of a salary related occupational pension scheme, any benefits payable by virtue of such rights, to the extent that the rights involve the member being credited by the scheme with notional pensionable service.

(4)At the end there is inserted—

(4)For the purposes of this section, an occupational pension scheme is salary related if—

(a)it is not a money purchase scheme, and

(b)it does not fall within a prescribed class.

32E+W+SIn section 85, after “73(2)(b)” there is inserted “ or 101D(2)(b) ”.

33E+W+SIn section 93, after subsection (1) there is inserted—

(1ZA)In subsection (1), references to accrued rights to benefit do not include rights which are attributable (directly or indirectly) to a pension credit.

34E+W+SIn section 93A, after subsection (1) there is inserted—

(1A)In subsection (1), the reference to benefits which have accrued does not include benefits which are attributable (directly or indirectly) to a pension credit.

35E+W+SIn section 94, after subsection (1A) there is inserted—

(1B)In subsection (1), references to benefits which have accrued do not include benefits which are attributable (directly or indirectly) to a pension credit.

36E+W+SIn section 96, there is inserted at the end—

(4)Where a member of an occupational pension scheme or a personal pension scheme—

(a)is entitled to give a notice under section 101F(1) to the trustees or managers of the scheme, or

(b)would be entitled to do so, but for section 101G(1),

he may not, if the scheme so provides, make an application to them under section 95 unless he also gives them a notice under section 101F(1).

37(1)Section 98 is amended as follows.E+W+S

(2)In subsection (5)—

(a)after “part of the” there is inserted “ relevant ”, and

(b)for “any of the benefits mentioned in that section” there is substituted “ benefits ”.

(3)In subsection (8), after “this section” there is inserted—

relevant benefits” means any benefits not attributable (directly or indirectly) to a pension credit; and.

38(1)Section 100 is amended as follows.E+W+S

(2)In subsection (1), for “subsection (2)” there is substituted “ subsections (2) and (2A) ”.

(3)After subsection (2) there is inserted—

(2A)If the making of the application depended on the giving of a notice under section 101F(1), the application may only be withdrawn if the notice is also withdrawn.

39(1)Section 129 is amended as follows.E+W+S

(2)In subsection (1), after “Part IV,” there is inserted “ Chapters I and II of Part IVA, ”.

F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

40(1)Section 178 is amended as follows.E+W+S

(2)In paragraph (a)—

(a)the words “or of” are omitted, and

(b)at the end there is inserted “ , section 25D of the M1Matrimonial Causes Act 1973, section 12A of the M2Family Law (Scotland) Act 1985 or Part III or IV of the Welfare Reform and Pensions Act 1999. ”

(3)In paragraph (b), after “Part IV,” there is inserted “ Chapter I of Part IVA, ”.

Marginal Citations

41E+W+SIn section 181(1)—

(a)after the definition of “occupational pension scheme” there is inserted—

pension credit” means a credit under section 29(1)(b) of the Welfare Reform and Pensions Act 1999 or under corresponding Northern Ireland legislation;, and

F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42E+W+SIn section 183(3), for “and 97(1)” there is substituted “ , 97(1) and 101I ”.

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