Pensions Act 2004

This section has no associated Explanatory Notes

69(1)Section 124 (interpretation of Part 1) is amended as follows.E+W+S

(2)In subsection (1), in the definition of “transfer credits”, for the words following “by reference to” substitute “—

(a)a transfer to the scheme of, or transfer payment to the trustees or managers of the scheme in respect of, any of his rights (including transfer credits allowed) under another occupational pension scheme or a personal pension scheme, other than pension credit rights, or

(b)a cash transfer sum paid under Chapter 5 of Part 4 of the Pension Schemes Act 1993 (early leavers) in respect of him, to the trustees or managers of the scheme,”.

(3)In subsection (3A), after “(3E)” insert “ and to sections 28, 154 and 219 of the Pensions Act 2004 ”.

(4)In subsection (3B), after “(3E)” insert “ and to sections 154 and 219 of the Pensions Act 2004 ”.

Commencement Information