Paragraph 3A C1 F1

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

Sch. 5 para. 2A omitted by Pensions Act 2011 Sch. 2 para. 3(4)
Sch. 5 para. 2(5)(a) words omitted by Pensions Act 2011 Sch. 2 para. 3(3)
Sch. 5 para. 3B(5)(b)(i) words omitted by Pensions Act 2011 Sch. 2 para. 3(5)
Sch. 5 para. 3C(5) omitted by Pensions Act 2011 Sch. 2 para. 3(6)
Sch. 5 para. A1(4) omitted by Pensions Act 2011 Sch. 2 para. 3(2)
Sch. 5 para. 3B(1) amendment to earlier affecting provision S.I. 2005/469 reg. 2(4)(a) by Social Security (Deferral of Retirement Pensions etc.) 2006 reg. 3

(1)

This paragraph applies where—

(a)

a person’s entitlement to a Category A or Category B retirement pension is deferred, and

(b)

the person has made (or is treated as having made) an election under paragraph A1(1)(b) in relation to the period of deferment.

(2)

The person is entitled to an amount calculated in accordance with paragraph 3B (a “lump sum”).

Annotations

F1: Sch. 5 paras. 3A, 3B and cross-headings inserted (18.11.2004 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), s. 322(3)(a), Sch. 11 para. 8

C1: Sch. 5 modified (6.4.2005) by The Social Security (Retirement Pensions etc.) (Transitional Provisions) Regulations 2005 (S.I. 2005/469), regs. 1(1), 2

F1: Sch. 5 heading substituted (18.11.2004 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), s. 322(3)(a), Sch. 11 para. 3

C2: Sch. 5: sums amended (coming into force in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2026 (S.I. 2026/148), arts. 1(3)(c), 4(3)