{
  "url": "https://openlegislation.uk/pensions-dashboards-no-2-regulations-northern-ireland-2023/schedule-2/paragraph-1",
  "json_url": "https://openlegislation.uk/pensions-dashboards-no-2-regulations-northern-ireland-2023/schedule-2/paragraph-1.json",
  "legislation": "nisr/2023/209",
  "legislation_title": "The Pensions Dashboards (No. 2) Regulations (Northern Ireland) 2023",
  "legislation_url": "https://openlegislation.uk/pensions-dashboards-no-2-regulations-northern-ireland-2023",
  "path": "schedule/2/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) For members with money purchase benefits other than collective money purchase benefits, trustees or managers of the pension scheme must provide the value data referred to in sub-paragraph (2).\n(2) The value data required is—\n(a) an accrued pot value;\n(b) once a pension illustration has been given—\n(i) an annualised accrued value, prepared using the methodology set out in the relevant guidance, less the elements regarding future contributions and growth, and calculated as if the individual has reached their retirement date on the illustration date;\n(ii) if held, a projected pot value, prepared using the methodology set out in the relevant guidance;\n(iii) an annualised projected value, prepared using the methodology set out in the relevant guidance.\n(3) The value data referred to in sub-paragraph (2)(b)(i) to (iii) may be provided on a voluntary basis before a scheme produces a pension illustration, using the version of the relevant guidance available at the illustration date.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 1 in operation at 8.12.2023, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2023/209/schedule/2/paragraph/1",
    "retrieved_at": "2026-10-29T00:30:07.395604+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}