Section 30 Power to make further provision

Northern Ireland

(1)

The Department for Social Development may by regulations amend for any F1purpose—

(a)

the definition of “money purchase benefit” in the Pension Schemes (Northern Ireland) Act 1993 or the Pensions (No. 2) Act (Northern Ireland) 2008F2, or

(b)

section 53 of the Pension Schemes Act 2021 (collective money purchase benefits: meaning of “qualifying benefits”).

(2)

Regulations under this section may in particular amend the provisions inserted by section 27 F3or by Schedule 4 to the Pension Schemes Act 2021.

(3)

Regulations under this section may include transitional, consequential or supplementary provision.

Annotations

Textual amendments

F1: Words in s. 30(1)(a) substituted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), ss. 57(2)(a)(i), 131(2)(a)(3)(a); S.R. 2022/197, art. 3(a)
F2: S. 30(1)(b) and word inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), ss. 57(2)(a)(ii), 131(2)(a)(3)(a); S.R. 2022/197, art. 3(a)
F3: Words in s. 30(2) inserted (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in operation) by Pension Schemes Act 2021 (c. 1), ss. 57(2)(b), 131(2)(a)(3)(a); S.R. 2022/197, art. 3(a)