Regulation 84 Adjustment of allocated benefitI1

England and Wales

(1)

The amount of allocated pension payable to the beneficiary of an allocation election may be adjusted in a manner determined by the scheme manager if—

(a)

the member who made the allocation election dies after reaching the age of 75; and

(b)

on the death of the member, the amount of allocated pension payable to the beneficiary does not qualify as a dependants’ scheme pension under section 167 (the pension death benefit rules) of FA 2004^f1.

(2)

In this regulation, “allocated pension” (“pensiwn dyranedig”) has the same meaning as that given in regulation 83(3) (effect of allocation).

Annotations

Commencement

I1: Reg. 84 in force at 1.4.2015, see reg. 1(2)

Footnotes

f1: Section 167 was amended by the Finance Act 2007 (c. 11), Schedule 20, paragraph 22; the Finance Act 2011 (c. 11), Schedule 16, paragraph 11 and the Finance Act 2014 (c.26), section 41(2). See also Part 2 of Schedule 28 to the Finance Act 2011 for the meaning of expressions used in section 167.