C1C2C3PART 1STATE PENSION

Annotations:
Modifications etc. (not altering text)
C1

Pt. 1 excluded by S.I. 2007/1398, reg. 8(3) as amended (6.4.2016 coming into force in accordance with art. 1(2)(b)) by The Pensions Act 2014 (Consequential, Supplementary and Incidental Amendments) Order 2015 (S.I. 2015/1985), arts. 1(2)(b), 30(4)(a)

State pension at the transitional rate

I15Transitional rate of state pension

1

The transitional rate of the state pension for a person is a weekly rate equal to—

a

the sum of the amounts calculated under Schedule 1 for the person's pre-commencement and post-commencement qualifying years capped at the full rate of the state pension on the day on which the person reaches pensionable age, or

b

if higher, the amount for the person's pre-commencement qualifying years alone.

2

The transitional rate of the state pension for a person is to be increased from time to time in accordance with the applicable paragraph of Schedule 2.

3

Section 6 requires the transitional rate of the state pension for a person to be recalculated in certain circumstances.

4

There are special rules about the transitional rate for certain women: see section 11 (reduced rate elections).