{
  "url": "https://openlegislation.uk/social-security-act-1986/schedule-1/crossheading-requirements-protected-rights/paragraph-8n1",
  "json_url": "https://openlegislation.uk/social-security-act-1986/schedule-1/crossheading-requirements-protected-rights/paragraph-8n1.json",
  "legislation": "ukpga/1986/50",
  "legislation_title": "Social Security Act 1986",
  "legislation_url": "https://openlegislation.uk/social-security-act-1986",
  "path": "schedule/1/crossheading/requirements-protected-rights/paragraph/8n1",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "The rules shall provide for effect to be given to the protected rights of a member—\n(a) in any case where sub-paragraph (2) of paragraph 9 below so requires, by the purchase of such an annuity as is mentiioned in that sub-paragraph, and\n(b) in any other case, in such of the ways permitted by that paragraph as the rules specify,\nand they shall not provide for any part of a member’s protected rights to be discharged otherwise than in accordance with that paragraph.\n(4) The value of protected rights such as are mentioned in sub-paragraph (2) above—\n(a) shall be calculated in a manner no less favourable than that in which the value of any other rights of the member to money purchase benefits under the scheme are calculated;\n(b) subject to that, shall be calculated and verified in such manner as may be prescribed.\n(5) The power to make regulations conferred by sub-paragraph (4) above included power to provide that protected rights such as are mentioned in sub-paragraph (2) above are to be calculated and verified in such manner as may be approved in particular cases—\n(a) by prescribed persons; or\n(b) by persons with prescribed professional qualifications or experience; or\n(c) by persons approved by the Secretary of State,\nand power to provide that they shall be calculated and verified in accordance with guidance prepared by a prescribed body.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Paragraph 8 substituted (21.7.1989) by Social Security Act 1989 (c. 24), Sch. 6, para. 20(1), subject to saving in reg. 3 of S.I. 1989/1239"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 1 paras. 7(4)(5), 8: under a saving in regulation 3 of S.I. 1989/1239, Schedule 1 has effect in specified circumstances until 1.12.1990 as if the amendments made to it by paragraphs 19 and 20 of Schedule 6 to the Social Security Act 1989 (c. 24) had not been enacted. For those circumstances, paragraphs 7(4) and (5) and 8 of Schedule 1 are reproduced"
    },
    {
      "type": "X",
      "label": "X1",
      "text": "Under a saving in regulation 3 of S.I. 1989/1239, Schedule 1 has effect in specified circumstances until 1.12.1990 as if the amendments made to it by paragraphs 19 and 20 of Schedule 6 to the Social Security Act 1989 (c. 24) had not been enacted. For those circumstances, paragraphs 7(4) and (5) and 8 of Schedule 1 are reproduced"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/50/schedule/1/crossheading/requirements-protected-rights/paragraph/8n1",
    "retrieved_at": "2026-10-29T09:54:52.965433+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."
}