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SCHEDULES

SCHEDULE 11E+W+SPension sharing: amendments

Social Security Contributions and Benefits Act 1992 (c. 4)E+W+S

2E+W+SThe Contributions and Benefits Act is amended as follows.

Commencement Information

I1Sch. 11 para. 2 in force at 6.4.2016, see s. 56(1)(4)

3E+W+SIn section 21 (contribution conditions), in subsection (1), after “section 55A” insert “ or 55AA ”.

Commencement Information

I2Sch. 11 para. 3 in force at 6.4.2016, see s. 56(1)(4)

4E+W+SIn section 43 (persons entitled to more than one retirement pension), in subsection (6), after “section 55A” insert “ or 55AA ”.

Commencement Information

I3Sch. 11 para. 4 in force at 6.4.2016, see s. 56(1)(4)

5(1)Section 55A (shared additional pension) is amended as follows.E+W+S

(2)For subsection (1) substitute—

(1)A person is entitled to a shared additional pension under this section if—

(a)the person attained pensionable age before 6 April 2016, and

(b)the person is entitled to an old state scheme pension credit.

(3)In subsections (2) and (3), after “shared additional pension” insert “ under this section ”.

(4)In subsections (3), (4), (5) and (7) before “state scheme pension credit” (in each place) insert “ old ”.

(5)At the end of the heading insert “ because of an old state scheme pension credit ”.

Commencement Information

I4Sch. 11 para. 5 in force at 6.4.2016, see s. 56(1)(4)

6E+W+SAfter section 55A insert—

55AAShared additional pension because of a new state scheme pension credit

(1)A person is entitled to a shared additional pension under this section if—

(a)the person reached pensionable age before 6 April 2016, and

(b)the person is entitled to a new state scheme pension credit.

(2)A person's entitlement to a shared additional pension under this section continues throughout his or her life.

(3)The weekly rate of a shared additional pension under this section is equal to the amount of the new state scheme pension credit.

(4)In this section “new state scheme pension credit” means a credit under section 49A(2)(b) of the Welfare Reform and Pensions Act 1999.

Commencement Information

I5Sch. 11 para. 6 in force at 6.4.2016, see s. 56(1)(4)

7(1)Section 55B (reduction of additional pension in Category A retirement pension: pension sharing) is amended as follows.E+W+S

(2)In subsection (1)(a), for “a” substitute “ an old ”.

(3)In subsection (5), for “55A above” substitute “ 55A or 55AA (as the case may be) ”.

(4)In subsection (8), in the definition of “state scheme pension debit”, before “state” insert “ old ”.

Commencement Information

I6Sch. 11 para. 7 in force at 6.4.2016, see s. 56(1)(4)