Regulation 34 Exclusions

The appropriate Minister has no power to accept for the benefit of a member of the principal scheme—

(a)

a payment under paragraph 1(3) of Schedule 5 to the 1999 Act or paragraph 1(3) of Schedule 5 to the 1999 Order,

(b)

a payment under section 95 of the Pension Schemes Act 1993^f1 or section 91 of the Pensions Schemes (Northern Ireland) Act 1993^f2, or

(c)

any other payment,

to the extent that that payment directly or indirectly represents a pension credit.

Annotations

f1: 1993 c. 48. Section 95 was amended by section 68 of, and paragraph 9 of Schedule 4 to, the Pension Schemes Act 2015 (c.8).
f2: 1993 c. 49. Section 91 was amended by section 71 of, and paragraph 55 of Schedule 4 to, the Pensions Scheme Act 2015.