OpenLegislation

Paragraph 4 I1

Northern Ireland

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

Where—

(a)

a transfer value is payable to the scheme managers of an approved scheme which is not a club scheme; and

(b)

the service to which it relates includes service before lst October 1990, and

(c)

a right to a cash equivalent was acquired,

the amount of the transfer value is D - E, where—

  • D is the transfer value that would have been payable if paragraph 3 had applied, and

  • E is the amount of the cash equivalent.

Annotations

Commencement

I1

Sch. 6 Pt. 4 para. 4 in operation at 1.4.2006, see art. 1(2)