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Paragraph 16 The Personal Pension Schemes (Personal Pension Protected Rights Premiums) Regulations 1987I1

England, Wales and Scotland Not yet in force

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

(1)

The Personal Pension Schemes (Personal Pension Protected Rights Premiums) Regulations 1987 shall be amended as follows—

(2)

In regulation 1(2)—

(a)

in the definition of “the Act” for “Social Security Act 1986” substitute “Pension Schemes Act 1993”;

(b)

in the definition of “appropriate scheme” for “Part I” substitute “section 7(4)”.

(3)

In regulation 2—

(a)

in paragraph (1) for “section 5(8)” and “Schedule 1 to the Act” substitute respectively “section 58(3)” and “sections 26 to 32 of the Act”;

(b)

in paragraph (2) for “section 5(10)(a)(i)” substitute “section 60(7)(a)”;

(c)

in paragraph (3)(b)(ii) for “Schedule 1 to the Act” substitute “sections 26 to 32 of the Act”.

(4)

In regulation 3(1)(b) for “section 4 of the Act or under section 29(2) or (2A) of the Social Security Pensions Act 1975” substitute “section 47(2) or (5) or 48 of the Act”.

(5)

In regulation 4—

(a)

in paragraph (1) for “section 5(7) of the Act” substitute “section 56(2) of the Act as it applies to personal pension protected rights premiums”;

(b)

in paragraphs (2) and (3) for “section 5” substitute “section 50”.

(6)

In regulation 5(2) for “section 5” substitute “section 50”.

(7)

In regulation 6—

(a)

in paragraph (4) for “section 29(1)(a) of the Social Security Pensions Act 1975” substitute “section 46(1)(a) of the Act”;

(b)

in paragraph (7)(a) for “section 5” substitute “section 50”;

(c)

in paragraph (10)(a) for “section 5(9)”, “section 5(10)(a)” and ““the premium”” onwards substitute respectively “section 60(3)”, “section 60(7)” and ““the personal pension protected rights premium” the words “that part of the personal pension protected rights premium which has been paid””;

(d)

in paragraph (10)(b) for “section 5”, “subsection (1)”, “paragraphs (a) and (b) of subsection (4)” and “subsection (8)” substitute respectively “sections 50, 55 and 58”, “subsection (1)(b) of section 50”, “paragraphs (a) and (c) of subsection (1) of section 55” and “subsection (3) of section 58”.

(8)

In regulation 7(3)(b) for “Schedule 1 to” substitute “Part III of”.

(9)

In regulation 8 for “section 5(10)(a)”, “section 5(10)(a)(i)” and “section 5(10)(a)(ii)” substitute respectively “section 60(7)”, “section 60(7)(a)” and “section 60(7)(b)”.

Annotations

Commencement

I1

Sch. 2 para. 16 in force at 12.5.1994, see reg. 1(2)

Footnotes

f1

S.I. 1987/1111.