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Paragraph 6

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

F1(a)

The value of the member’s accrued rights under the scheme at the same or another specified date.

(b)

Where the cash equivalent (calculated, as at the date specified for the purposes of sub-paragraph (a) in accordance with section 97 of the 1993 Act M1, and regulations made thereunder), in respect of the transfer of the member’s rights mentioned in sub-paragraph (a)F2... would be different from the values to be specified under that sub-paragraph, that cash equivalent.

Annotations

Textual amendments

F1

Sch. 2 para. 6(a) substituted (6.4.2012) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 11(5)(a)(i)

F2

Words in Sch. 2 para. 6(b) omitted (6.4.2012) by virtue of The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 11(5)(a)(ii)

Marginal citations

M1

Section 9(2) to (2C) was substituted for section 9(2) by section 136(3) of the Pensions Act 1995. Section 9(3) was amended by section 136(4) of, and paragraph 24 of Schedule 5 to, the Pensions Act 1995.

Notes on Schedule 2

Modifications

C1

Sch. 2 applied (with application in accordance with art. 1(2) of the commencing S.I., 1.12.2000) by The Divorce etc. (Pensions) Regulations 2000 (S.I. 2000/1123), art. 3(1)(b)(2)(b)reg. 1(1)