Child Support, Pensions and Social Security Act (Northern Ireland) 2000 No. 4

SCHEDULES

SCHEDULE 5 N.I. PENSIONS: MISCELLANEOUS AMENDMENTS AND ALTERNATIVE TO ANTI-FRANKING RULES

PART I N.I. MISCELLANEOUS AMENDMENTS

Transfer of rights to overseas personal pension schemes N.I.

2.—(1) In section 16(1) of the Pension Schemes Act (transfer of accrued rights)— N.I.

(a) in paragraph (a), for or to a personal pension scheme there shall be substituted “, to a personal pension scheme or to an overseas arrangement”; and

(b) in paragraph (b), for or a personal pension scheme there shall be substituted “, a personal pension scheme or an overseas arrangement”.

F1 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) In section 176(1) of that Act (general interpretation), after the definition of occupational pension scheme, there shall be inserted—

“overseas arrangement means a scheme or arrangement which—

(a) has effect, or is capable of having effect, so as to provide benefits on termination of employment or on death or retirement to or in respect of earners;

(b) is administered wholly or primarily outside Northern Ireland;

(c) is not an appropriate scheme; and

(d) is not an occupational pension scheme;” .

F1 Sch. 5 para. 2(2) repealed (6.4.2012) by Pensions Act (Northern Ireland) 2008 (c. 1), ss. 13(4), 19(5), Sch. 6 Pt. 6; S.R. 2012/115, art. 2