- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Efallai y bydd newidiadau ac effeithiau i’r Ddeddfwriaeth hon nad ydynt wedi eu cofnodi neu eu gweithredu ar y testun
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Nid oes unrhyw gyfeiriadau ychwanegol y mae angen i chi eu gwirio ar hyn o bryd.
Pensions Act 2008, Section 111 yn gyfredol gyda’r holl newidiadau y gwyddys eu bod mewn grym ar neu cyn 25 Ionawr 2021. Mae newidiadau a all gael eu dwyn i rym yn y dyfodol. Mae newidiadau a wnaed yn ymddangos yn y cynnwys a chyfeirir atynt trwy anodiadau.
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(1)On the application of this section—
(a)the transferor's shareable rights to PPF compensation that derive from rights under the specified scheme become subject to a debit of the appropriate amount, and
(b)the transferee becomes entitled to a credit of that amount as against the Board.
(2)For the purposes of subsection (1) “the appropriate amount” means—
(a)where the relevant order or provision specifies a percentage to be transferred, that percentage of the cash equivalent of the relevant compensation on the valuation day;
(b)where the relevant order or provision specifies an amount to be transferred, the lesser of—
(i)that specified amount, and
(ii)the cash equivalent of the relevant compensation on the valuation day.
(3)For the purposes of subsection (2) “the relevant compensation” means the payments or future payments to which, immediately before the transfer day, the transferor is entitled under the pension compensation provisions by virtue of the transferor's shareable rights to PPF compensation that derive from rights under the specified scheme.
(4)The Secretary of State may by regulations provide for any description of payment to be disregarded for the purposes of subsection (3).
(5)For the purposes of this section—
“the specified scheme” means the pension scheme specified in the relevant order or provision;
“the valuation day” means such day within the implementation period for the credit under subsection (1)(b) as the Board may specify by notice in writing to the transferor and transferee.
(6)The credit to which the transferee becomes entitled under subsection (1)(b) is referred to in this Chapter as a “pension compensation credit”.
Commencement Information
I1S. 111 wholly in force at 6.4.2011; s. 111 in force for certain purposes at Royal Assent see s. 149(2)(k); s. 111 in force so far as not already in force at 6.4.2011 by S.I. 2011/664, art. 2(3), Sch. Pt. 2
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
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