Paragraph 5

Any cash equivalent in respect of the transfer of the member's rights mentioned in paragraph 4 that would be different from the values to be specified, at the date specified, under that paragraph, calculated in accordance with—

(a)

sections 97 and 101I of the 1993 Act (calculation of cash equivalents), in the case of an occupational pension scheme, or

(b)

regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations 1987 M1 (calculation, verification and increases of cash equivalents), in the case of a personal pension scheme.

Annotations

Marginal citations

M1: S.I. 1987/1112. Regulations 3 and 4 were substituted by S.I. 2008/1050.

Notes on Schedule 6

Textual amendments

F1: Words in Sch. 6 heading inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(7) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2