- 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This is the original version (as it was originally made).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.
8.—(1) The Pension Sharing (Pension Credit Benefit) Regulations 2000(1) are amended in accordance with this article.
(2) In regulation 1(2) (interpretation), omit the definition of “safeguarded rights”.
(3) In regulation 10 (transfer of a person’s pension credit rights without consent)(2), omit paragraph (9).
(4) Omit—
(a)regulation 16 (transfer payments in respect of safeguarded rights – general),
(b)regulation 17 (transfer payments to money purchase contracted-out schemes and appropriate schemes),
(c)regulation 18 (transfer payments to salary related contracted-out schemes), and
(d)regulation 19 (transfer payments to overseas schemes or overseas arrangements)(3).
(5) In regulation 20 (requirements to be met by annuities), for “Subject to regulation 19, the prescribed” substitute “The prescribed”.
(6) In regulation 21 (requirements of other pension arrangements)—
(a)in paragraph (1)(a), add “or” at the end,
(b)omit paragraph (1)(b), and
(c)in paragraph (3), for “paragraph (1)(b) and (c)” substitute “paragraph (1)(c)”.
(7) In regulation 22 (requirements to be met by an eligible scheme)(4), omit sub-paragraph (a) of paragraph (1).
(8) In regulation 35 (definition of eligible pension credit rights)(5), omit paragraph (2)(b) and the word “or” immediately preceding it.
Regulation 10(9) was inserted by S.I. 2000/2691.
Regulation 19 was amended by S.I. 2005/555.
Regulation 22(1)(a) was amended by S.I. 2000/2691.
Regulation 35 was substituted by S.I. 2005/704.
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.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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: