Paragraph 2

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

Sch. 4 para. 17(6A)-(6D) inserted by Pension Schemes Act 2026 s. 110(5)(f)
Sch. 4 para. 17(7) words substituted by Pension Schemes Act 2026 s. 110(5)(g)
Sch. 4 para. 17(9) substituted by Pension Schemes Act 2026 s. 110(5)(h)
Sch. 4 para. 17(2)-(2H) substituted for Sch. 4 para. 17(2) by Pension Schemes Act 2026 s. 110(5)(a)
Sch. 4 para. 17(3) words substituted by Pension Schemes Act 2026 s. 110(5)(b)
Sch. 4 para. 17(3A) inserted by Pension Schemes Act 2026 s. 110(5)(c)
Sch. 4 para. 17(4) words substituted by Pension Schemes Act 2026 s. 110(5)(d)(i)
Sch. 4 para. 17(4) words substituted by Pension Schemes Act 2026 s. 110(5)(d)(ii)
Sch. 4 para. 17(5) omitted by Pension Schemes Act 2026 s. 110(5)(e)
Sch. 4 para. 17(6) omitted by Pension Schemes Act 2026 s. 110(5)(e)
Sch. 4 para. 20(1)(b)(i)-(iii) substituted for words by Pension Schemes Act 2026 s. 110(6)

In this Schedule—

“the initial annual rate of compensation” is the amount determined by the Board under section 94(4);
the “pension compensation age” of the transferee is the age determined in accordance with paragraph 3.