http://www.legislation.gov.uk/ukpga/1993/49/section/97ACPension Schemes (Northern Ireland) Act 1993 An Act to consolidate for Northern Ireland certain enactments relating to pension schemes, with corrections and minor improvements under the Consolidation of Enactments (Procedure) Act 1949.texttext/xmlenStatute Law Database2026-08-25Expert Participation2026-07-31 PART 4ZA<Addition ChangeId="key-5a357c918e9facceb8f86d98593c3c4b-1568295245137" CommentaryRef="key-5a357c918e9facceb8f86d98593c3c4b">TRANSFERS AND CONTRIBUTION REFUNDS</Addition>CHAPTER 2<Addition ChangeId="key-58b58d52fb120935b847c589132979a2-1510132888156" CommentaryRef="key-58b58d52fb120935b847c589132979a2"><Substitution ChangeId="key-dd613d464df0fc73d27077130779b1fd-1568295825376" CommentaryRef="key-dd613d464df0fc73d27077130779b1fd">EARLY LEAVERS: CASH TRANSFER SUMS AND CONTRIBUTION REFUNDS</Substitution></Addition><CommentaryRef Ref="key-369e55073bd4a6d3e609c68eff90bec3"/><Addition ChangeId="key-58b58d52fb120935b847c589132979a2-1510132888156" CommentaryRef="key-58b58d52fb120935b847c589132979a2">Notification of right to cash transfer sum or contribution refund</Addition>97AC1This section applies where the pensionable service of a member of an occupational pension scheme has terminated.2The trustees or managers of the scheme must—awithin a reasonable period after the termination give the member a statement in writing containing information adequate to explain—ithe nature of the right acquired by him under section 97AB, andiihow he may exercise the right,and such other information as may be prescribed, andbafford the member a reasonable period after giving him that statement within which to exercise the right.3The statement given under subsection (2)(a) must specify, in particular—ain relation to the cash transfer sum to which the member acquires a right under section 97AB, its amount and the permitted ways in which the member can use it,bthe amount of the contribution refund to which the member so acquires a right, andcthe last day on which the member may, disregarding section 97AI(2), exercise the right ( “the reply date”).4Information which may be prescribed under subsection (2)(a) includes, in particular—ainformation about any tax liability in respect of, or deduction required or permitted to be made from, the cash transfer sum or contribution refund, andbinformation about the effect on other rights of the member (whether under the applicable rules or otherwise) of exercising the right.5The trustees or managers may notify the member that, if he does not exercise the right mentioned in subsection (2)(a)(i) on or before the reply date, the trustees or managers will be entitled to pay the contribution refund to him.6Where the trustees or managers of the scheme fail to comply with subsection (2), Article 10 of the Pensions (Northern Ireland) Order 1995 (civil penalties) applies to any trustee or manager who has failed to take all reasonable steps to secure compliance.Pt. 4ZA Ch. 2: power to modify conferred (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 5 para. 1(6)(b); S.R. 2022/197, art. 3(a)Pt. 4 Ch. 5 modified (1.4.2015) by The Judicial Pensions Regulations (Northern Ireland) 2015 (S.R. 2015/76), reg. 1(3), Sch. 3 para. 10(1)Pt. 4 Ch. 5 excluded (1.1.2006) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), art. 1(2), Sch. 6 para. 20(1)(c); S.R. 2005/48, art. 2(7), Sch. Pt. 7Pt. 4 Ch. 5 inserted (1.1.2006 for specified purposes, 6.4.2006 in so far as not already in force) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), arts. 1(2), 241 (with art. 285(5)); S.R. 2005/543, art. 2(5), Sch. Pt. 5Pts. 4, 5 renumbered as Pt. 4ZA Chs. 1, 2 and Pt. 4ZA heading inserted (6.4.2015) by Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 50(1)(2)(a) (with s. 87)Pt. 4 Ch. 5 modified (1.4.2015) by The Teachers Pension Scheme (Consequential Provisions) Regulations (Northern Ireland) 2015 (S.R. 2015/170), regs. 1, 12(1)Pt. 4 Ch. 5 excluded (24.7.2014) by The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/204), regs. 1(1), 55(1)(c)Pt. 4 Ch. 5: power to modify conferred (1.1.2006) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), arts. 1(2), 20(7)(b) (with art. 285(5)); S.R. 2005/48, art. 2(7), Sch. Pt. 7Pt. 4 Ch. 5 applied by S.I. 1995/3213 (N.I. 22), art. 73(9) (as substituted (6.4.2005 for specified purposes, 1.1.2006 in so far as not already in force) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), arts. 1(2), 247 (with art. 285(5)); S.R. 2005/48, art. 2(4)(a)(b), Sch. Pt. 4 (with art. 2(8)(9)))Pt. 4 Ch. 5 modified (1.4.2015) by The Health Service Workers (Consequential Provisions) Regulations (Northern Ireland) 2015 (S.R. 2015/167), regs. 1, 12(1)Pt. 4 Ch. 5 modified (1.4.2015) by The Public Service (Civil Servants and Others) Pensions (Consequential Provisions) Regulations (Northern Ireland) 2015 (S.R. 2015/81), regs. 1(1), 12(1)Pt. 4ZA Ch. 2 heading substituted (6.4.2015) by Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 50(1)(2)(c) (with s. 87)Pt. 4 Ch. 5 modified (1.4.2015) by The Police Pensions (Consequential Provisions) Regulations (Northern Ireland) 2015 (S.R. 2015/156), regs. 1(2), 12(1)Pt. 4 Ch. 5 modified (1.4.2009) by Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 (S.R. 2009/33), regs. 1, 74(1)(3)(7)