The Pensions Act 2014 (Commencement No.8) Order 2016
Citation1.
This Order may be cited as the Pensions Act 2014 (Commencement No.8) Order 2016.
Commencement of provisions2.
23rd February 2016 is the day appointed for the coming into force of the following provisions of the Pensions Act 2014 for the purposes of making regulations—
(a)
section 3(1);
(b)
section 10;
(c)
section 18(2) to (4); and
(d)
section 20.
Signed by authority of the Secretary of State for Work and Pensions.
This is the eighth Commencement Order made under the Pensions Act 2014 (c.19). This Order brings into force provisions relating to the new state pension for people reaching pensionable age on or after 6th April 2016 (see Part 1 of that Act).
Article 2(a) brings section 3(1) of the Pensions Act 2014 into force which enables Regulations to be made that set the full rate of the new state pension.
Article 2(b) to (d) brings the provisions into force which enable the state pension provisions in the State Pension and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/199) to be made. Those Regulations set out how to calculate the extra new state pension a person may receive if they delay claiming, or choose to suspend, their new state pension. They also contain provisions about inheriting graduated retirement benefit as part of a person’s new state pension. Finally, they provide for the circumstances in which a person who is an overseas resident is not entitled to up-rating increases of their new state pension.
A full impact assessment has not been published for this Order as it has no impact on the private sector or civil society organisations. An assessment has been made of the impact of the introduction of the new state pension. Copies of that impact assessment may be obtained from the Better Regulation Unit of the Department for Work and Pensions, 2D Caxton House, Tothill Street, London SW1 9NA or from the DWP website: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/311316/pensions-act-ia-annex-a-single-tier-state-pension.pdf . (Annex A contains the assessment for new state pension.)
The following provisions of the Pensions Act 2014 were brought into force by a Statutory Instrument which was made before this Order was made.
Provision | Date of Commencement | S.I.No. |
|---|---|---|
Section 2(3) (partially) | 5th February 2015 | |
Section 4(2) (partially) | 5th February 2015 | |
Section 8(3), (7) and (8) (partially) | 5th February 2015 | |
Section 13(2) (partially) | 5th February 2015 | |
Section 14(2) (partially) | 5th February 2015 | |
Section 15 (partially) | 5th February 2015 | |
Section 16(1) and (6) (partially) | 5th February 2015 | |
Section 17(4) and (5) (partially) | 5th February 2015 | |
Section 18(1) (partially) | 5th February 2015 | |
Section 19(1) and (3) (partially) | 5th February 2015 | |
Section 22(1) (partially) | 5th February 2015 | |
Section 23 (partially) | 1st October 2014 | |
Section 23 (partially) | 7th July 2015 | |
Section 23 (partially) | 15th January 2016 | |
Section 24(1) (partially) | 7th July 2015 | |
Section 24(2) to (9) | 23rd February 2015 | |
Section 25 (partially) | 1st October 2014 | |
Section 25 (partially) | 12th October 2015 | |
Section 25 (partially) | 12th October 2015 | |
Section 28(1) and (2) | 6th April 2016 | |
Section 28(3) | 7th July 2015 | |
Section 33 (partially) | 11th September 2014 | |
Section 36 | 1st October 2015 | |
Sections 37 and 38 | 11th September 2014 | |
Section 39 | 12th September 2014 | |
Section 40 | 11th September 2014 | |
Sections 42 and 43 | 11th September 2014 | |
Sections 45 and 46 | 11th September 2014 | |
Section 49 | 11th September 2014 | |
Section 52 | 23rd July 2014 | |
Paragraph 4 of Schedule 8 (partially) | 5th February 2015 | |
Paragraph 4 of Schedule 10 (partially) | 5th February 2015 | |
Paragraph 11 of Schedule 11 (partially) | 5th February 2015 | |
Paragraphs 2 and 6(1) and (3) of Schedule 12 (partially) | 15th January 2016 | |
Paragraphs 8 and 88 of Schedule 12 (partially) | 7th July 2015 | |
Paragraphs 25 and 90 of Schedule 12 | 7th July 2015 | |
Paragraphs 96 and 97(b) of Schedule 12 | 1st October 2014 | |
Paragraphs 1, 24 and 25 of Schedule 13 (partially) | 7th July 2015 | |
Schedule 14 | 23rd February 2015 | |
Paragraphs 1 to 10 and 12 to 14 of Schedule 15 | 12th October 2015 | |
Paragraphs 3, 7 and 17 of Schedule 15 (partially) | 1st October 2014 | |
Paragraphs 11 and 20 of Schedule 15 | 13th October 2014 | |
Paragraphs 15 to 19, 21 and 22 of Schedule 15 | 12th October 2015 | |
Paragraph 15(1) of Schedule 17 (partially) | 11th September 2014 | |
Schedules 18 and 19 | 11th September 2014 |