Paragraph 5 I1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 1 para. 1 coming into force by Contracting-out (Transfer and Transfer Payment) 1996 reg. 1(1)
Sch. 1 para. 2 coming into force by Contracting-out (Transfer and Transfer Payment) 1996 reg. 1(1)
Sch. 1 para. 3 coming into force by Contracting-out (Transfer and Transfer Payment) 1996 reg. 1(1)
Sch. 1 para. 4 coming into force by Contracting-out (Transfer and Transfer Payment) 1996 reg. 1(1)
Sch. 1 para. 5 coming into force by Contracting-out (Transfer and Transfer Payment) 1996 reg. 1(1)
Sch. 1 para. 6 coming into force by Contracting-out (Transfer and Transfer Payment) 1996 reg. 1(1)
Sch. 1 ot. 3 para. 6(b) words substituted by Civil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 Sch. 2 para. 26
Sch. 1 Pt. 1 heading words substituted by Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016 art. 5(10)(a)
Sch. 1 para. 2(a) and word omitted by Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016 art. 5(10)(b)
Sch. 1 Pt. 2 heading words substituted by Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016 art. 5(10)(c)
Sch. 1 Pt. 1 heading words substituted by Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 2018 reg. 2(7)(a)
Sch. 1 para. 1(a) words substituted by Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 2018 reg. 2(7)(b)(i)
Sch. 1 para. 1(b) words substituted by Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 2018 reg. 2(7)(b)(ii)
Sch. 1 para. 1(c) added by Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 2018 reg. 2(7)(b)(iii)
Sch. 1 para. 6 substituted by Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 2018 reg. 2(7)(c)

The receiving scheme must provide for pensions to be paid which are of at least equal value to the annuity which would have been payable by the transferring policy, had the transfer not taken place, in respect of the earner’s accrued rights to guaranteed minimum pensions.

Annotations

Commencement

I1: Sch. 1 para. 5 in operation at 6.4.1997, see reg. 1(1)