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Paragraph 5 Time for compliance with a pension recovery orderI1

United Kingdom

(1)

In this paragraph, “the prescribed period” means the period prescribed for the purposes of article 184(2)(a).

(2)

Subject to sub-paragraphs (3) and (4), the prescribed period is the period of 60 days beginning on the day on which the pension recovery order is made.

(3)

Where an application for permission to appeal the pension recovery order is made within the period referred to in sub-paragraph (2), the prescribed period is the period of 60 days beginning on—

(a)

the day on which permission to appeal is finally refused;

(b)

the day on which the appeal is withdrawn; or

(c)

the day on which the appeal is dismissed,

as the case may be.

(4)

Where the person referred to in paragraph 4(2) gives notice, in accordance with paragraph 4(3) and within the period referred to in sub-paragraph (2), to the trustee for civil recovery and trustees or managers of the scheme that he is unable to approve the manner in which the trustees or managers have calculated the value of the rights which are the subject of the pension recovery order, the prescribed period is the period of 60 days beginning on the day on which such notice is given.

Annotations

Commencement

I1

Sch. 4 para. 5 in force at 1.1.2006, see art. 1