Regulation 6 Discharge of liability in respect of a pension credit following the death of the person entitled to the pension creditI1

Northern Ireland Not yet in force

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

reg. 6 coming into force by Pension Sharing (Implementation and Discharge of Liability) 2000 reg. 1(1)
reg. 6 substituted by Pension Sharing (Consequential and Miscellaneous Amendments) 2000 reg. 11(3)
reg. 6(2) words substituted by Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) 2006 art. 37(2)

(1)

Where —

(a)

the circumstances set out in paragraph (2) apply, and

(b)

the rules or provisions of a pension arrangement provide that liability in respect of a pension credit may be discharged in accordance with this regulation,

the person responsible for the pension arrangement shall discharge his liability in respect of a pension credit in accordance with the provisions of paragraph 1(2), 2(2), 3(2) or 4(4) of Schedule 5 (pension credits: mode of discharge — funded pension schemes, unfunded public service pension schemes, other unfunded occupational pension schemes, or other pension arrangements) in favour of a person other than the person entitled to the pension credit, as if that person were the person entitled to the pension credit.

(2)

The circumstances set out in this paragraph are that a person entitled to a pension credit dies before the person responsible for the pension arrangement has discharged his liability in respect of the pension credit.

(3)

Paragraph (1) applies in relation to a pension arrangement to which paragraph 1, 3 or 4 of Schedule 5 applies, regardless of whether—

(a)

the rules of that arrangement provide that appropriate rights may be conferred under that scheme on a person entitled to a pension credit, or

(b)

in relation to the operation of paragraph 1(2) of Schedule 5, the person entitled to the pension credit has consented to the conferring of appropriate rights under that arrangement on him.

Annotations

Commencement

I1: Reg. 6 in operation at 1.12.2000, see reg. 1(1)