Regulation 22 Requirements to be met by an eligible schemeI1

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. 22 coming into force by Pension Sharing (Pension Credit Benefit) 2000 reg. 1(1)
reg. 22(1)(b) words omitted by Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2009 reg. 14(6)(a)
reg. 22(1)(b) word inserted by Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2009 reg. 14(6)(b)
reg. 22(1)(b) words substituted by Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2009 reg. 14(6)(c)
reg. 22(1)(a) omitted by Pensions (2008 Acts) (Consequential Provisions) 2009 art. 8(6)
reg. 22(1)(a) words inserted by Pension Sharing (Consequential and Miscellaneous Amendments) 2000 reg. 12(4)

(1)

The prescribed requirements referred to in section 97F(6)(b) (references to an eligible scheme which satisfies the prescribed requirements) are that—

(a)

if the eligible member’s cash equivalent (or any portion of it to be used under section 97F(2) or (3)) is or includes the cash equivalent of safeguarded rights, then the eligible scheme under whose rules rights are acquired is one—

(i)

to which those safeguarded rights may be transferred, or

(ii)

to which a transfer payment in respect of those safeguarded rights may be made,

in accordance with regulations 16 to 19 (transfers of safeguarded rights), and

(b)

if the scheme from which pension credit rights are transferred or from which a transfer payment of such rights is made is of a kind described in any of sub-paragraphs (a) to (e) of regulation 21(2), the eligible scheme to which pension credit rights are transferred or to which a transfer payment in respect of those rights is made is of a kind described in regulation 21(2)(a), (c) or (e).

(2)

In this regulation “eligible scheme” means a scheme described in section 97F(6).

Annotations

Commencement

I1: Reg. 22 in operation at 1.12.2000, see reg. 1(1)