SCHEDULES
SCHEDULE 4Rights to transfer benefits
PART 2Northern Ireland amendments
Pension Schemes (Northern Ireland) Act 1993 (c. 49)
I164
1
Section 97J (time for compliance with transfer notice) is amended as follows.
2
In subsection (1), for paragraphs (a) and (b) substitute—
a
in the case of an application that relates to benefits other than money purchase benefits, within 6 months beginning with the valuation date, and
b
in the case of an application that relates to money purchase benefits, within 6 months of the date on which the notice is given.
3
After subsection (2) insert—
2A
Regulations may extend the period for complying with the notice in prescribed circumstances.
4
For subsection (7) substitute—
7
In subsection (1)(a), “valuation date” means the date by reference to which the amount shown in the relevant statement under section 97H is determined.