SCHEDULES
SCHEDULE 5F1Financial relief: provision corresponding to provision made by Part 2 of the Matrimonial Causes Act 1973
Part 4Pension sharing orders on or after dissolution or nullity order
Pension sharing orders
16
1
A pension sharing order is an order which—
a
provides that one civil partner's—
i
shareable rights under a specified pension arrangement, or
ii
shareable state scheme rights,
are to be subject to pension sharing for the benefit of the other civil partner, and
b
specifies the percentage value to be transferred.
2
Shareable rights under a pension arrangement are rights in relation to which pension sharing is available under—
a
Chapter 1 of Part 4 of the Welfare Reform and Pensions Act 1999 (c. 30), or
b
corresponding Northern Ireland legislation.
3
Shareable state scheme rights are rights in relation to which pension sharing is available under—
a
Chapter 2 of Part 4 of the 1999 Act, or
b
corresponding Northern Ireland legislation.
4
In this Part “pension arrangement” means—
a
an occupational pension scheme,
b
a personal pension scheme,
c
a retirement annuity contract,
d
an annuity or insurance policy purchased, or transferred, for the purpose of giving effect to rights under—
i
an occupational pension scheme, or
ii
a personal pension scheme, and
e
an annuity purchased, or entered into, for the purpose of discharging liability in respect of a pension credit under—
i
section 29(1)(b) of the 1999 Act, or
ii
corresponding Northern Ireland legislation.
5
In sub-paragraph (4)—
“occupational pension scheme” has the same meaning as in the Pension Schemes Act 1993 (c. 48);
“personal pension scheme” has the same meaning as in the 1993 Act;
“retirement annuity contract” means a contract or scheme approved under Chapter 3 of Part 14 of the Income and Corporation Taxes Act 1988 (c. 1).
Sch. 5 title substituted (22.4.2014) by Crime and Courts Act 2013 (c. 22), s. 61(3), Sch. 11 para. 177; S.I. 2014/954, art. 2(e) (with art. 3) (with transitional provisions and savings in S.I. 2014/956, arts. 3-11)