Section 34 Power to alter definition of “small”I1
England, Wales and Scotland
(1)
The Secretary of State may by regulations amend section 22(2) (definition of “small” in relation to a pension pot) so as to substitute a larger or smaller amount for the amount for the time being specified there.
(2)
Before making regulations under this section the Secretary of State must—
(a)
consult such persons as the Secretary of State considers appropriate, and
(b)
publish details of the proposed amendment, and the Secretary of State’s reasons for making the proposal, and consider any representations made.
(3)
Regulations under this section are subject to the affirmative procedure.
Annotations
Commencement
- I1
S. 34 in force at Royal Assent, see s. 133(4)(b)