Regulation 14 Interest on payments under the statutory underpinI1

the amount to be added to the person’s pension account under regulation 5(3) or (4) (retired members) relating to the period beginning with the date on which the pension in question was put into payment and ending with the date on which the final guarantee amount was added to the pension account;

the amount to be paid under regulation 5(5) or (6) F2or 12(6A)(b) (deceased members);

where regulation 5(7) applies (person who elected to commute an amount of their pension), any new lump sum arising from the amount added to the person’s account under regulation 5(3) or (4);

the amount to be paid under regulation F36(5), 7(3), or 12(6B)(b) or (6C)(b) (death grants);

the amount to be added to the survivor member’s pension account under regulation 8(4)(a) or (b) (survivor member’s pension account) relating to the period beginning with the date on which the survivor pension was put into payment and ending with the date on which the survivor guarantee amount was added to the survivor pension account;

the amount to be paid to the member under regulation 11(4) F4or 12(6E)(b) or (c)(ii) (commutation payments);

the amount to be added under regulation 12(6)(b) (difference between recalculated pension credit and pension in payment) relating to the period beginning with the date on which the pension credit member’s pension was put into payment and ending with the date on which the difference between the recalculated annual pension and the pension in payment is to be added to the retirement pension account under regulation 12(6)(b).

the amount to be paid to the scheme under regulation 10(5) or 12(6D)(b), unless the transfer to which that amount relates was a transfer to which paragraph (3A) applies;

the amount to be paid to the person under regulation 12(6F)(b).

is a Club Transfer, and

is not a transfer—

where paragraph (2)(a), (c), or (f) applies, to the person;

where paragraph (2)(b) applies, to the personal representatives in question;

where paragraph (2)(d) applies, to the recipient of the death grant;

where paragraph (2)(e) applies, to the person who has the survivor member’s pension account;

where paragraph (2)(g) applies, to the pension credit member;

where paragraph F7(3)(a) applies, to the scheme that received the original transfer;

where paragraph (3)(b) applies, to the person that received the original payment.

where regulation 5(3), (4), (5) or (6) F9or 12(6A)(b) or (6E)(c)(ii) applies, the day that falls half-way through the period beginning with the day after the member’s final underpin date and ending with the date on which payment is made;

where regulation 5(7) applies, the earliest day from which the administering authority would have been able to make the payment for a lump sum paid under regulation 5(7);

where regulation 6(5), 7(3), 10(5) F10, 11(4) or 12(6B)(b), (6C)(b), (6D)(b), (6E)(b) or (6F)(b) applies, the day on which the original payment was made;

where regulation 8(4)(a) or (b) applies, the day that falls half-way through the period beginning with the day after the person’s date of death and ending with the date on which payment is made;

where regulation 12(6)(b) applies, the day that falls half-way through the period beginning with the day on which the pension credit member’s pension was put into payment and ending with the date on which payment is made.

the death grant;

the transfer out; F11...

the lump sum F12; or

the payment under paragraph 1(3) of Schedule 5 to the Welfare Reform and Pensions Act 1999