Regulation 13 Modifications of Part III of the 1993 Act on transfers from policies of insurance or annuity contractsI1
Northern Ireland Not yet in force
Where a transfer to a salary related contracted-out scheme, or a transfer payment to an overseas scheme, in respect of an earner’s accrued rights to guaranteed minimum pensions has taken place from an appropriate policy in accordance with regulation 3 or 6 (or with regulation 2A of the 1985 Regulationsf1), the 1993 Act shall have effect subject to the following modifications—
where the earner was in employment which was contracted-out by reference to the receiving scheme, the modification of section 10(1) specified in paragraph 2 of Schedule 2;
where the earner was in employment which was not contracted-out by reference to the receiving scheme, the modifications of sections 4(2), 16(6) and 155 specified in paragraphs 5, 6 and 7 of Schedule 2;
in the case of any transfer payment to an overseas scheme, the modification of section 42 specified in paragraph 4 of Schedule 2.
Annotations
Commencement
- I1
Reg. 13 in operation at 6.4.1997, see reg. 1(1)
Footnotes
- f1
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Regulation 2A was inserted by regulation 4 of S.R. 1987 No. 277 and amended by S.R. 1994 No. 300