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SCHEDULES

SCHEDULE 5PENSION CREDITS: MODE OF DISCHARGE

Adjustments to amount of pension credit

9.  If—

(a)a person’s shareable rights under a pension arrangement have become subject to a pension debit, and

(b)the person responsible for the arrangement makes a payment which is referable to those rights without knowing of the pension debit,

this Schedule shall have effect as if the amount of the corresponding pension credit were such lesser amount as may be determined in accordance with regulations made by the Department.