Entitlement: payments to qualifying Equitable Life annuitants in receipt of pension credit or an equivalent benefit3
1
A qualifying Equitable Life annuitant (“A”) is entitled to a further payment of £5000 if A is or was in receipt of state pension credit on 1st November 2013.
2
For the purposes of this regulation, “state pension credit” means—
a
state pension credit within the meaning of section 1(1) of the State Pension Credit Act 20023;
b
state pension credit within the meaning of section 1(1) of the State Pension Credit Act (Northern Ireland) 20024;
c
any benefit similar to the benefit referred to in sub-paragraph (a) that is paid by another EEA state or by Switzerland.
3
A benefit is similar to the benefit referred to in paragraph (2)(a) if the criteria used to determine entitlement for the benefit are similar to the criteria used to determine whether a person is eligible for the benefit referred to in paragraph (2)(a).
4
Where A is in receipt of state pension credit within the meaning of paragraph (2)(b) or (c), A is not entitled to a payment under paragraph (1) unless A makes an application under regulation 4 for the payment.
5
A’s entitlement to a payment under this regulation ceases if A dies before a payment under paragraph (1) is made.
6
If A is resident in a state outside the United Kingdom, payment may be made in the currency of that state at the spot rate of exchange for the day on which the payment is made.