3ZAPower to limit savings credit for certain mixed-age couples

1

Regulations may provide that, in prescribed cases, a person who is a member of a mixed-age couple is not entitled to a savings credit.

2

For example, the regulations could provide that a member of a mixed-age couple is not entitled to a savings credit unless—

a

the person has been awarded a savings credit with effect from a day before 6 April 2016 and was entitled to a savings credit immediately before that date, and

b

the person remained entitled to state pension credit at all times since the beginning of 6 April 2016.

3

In this section “mixed-age couple” means a couple (whenever formed) one member of which had attained pensionable age before 6 April 2016 and the other had not.