Regulation 10 Amendment of regulation 25 of the principal Regulations

In regulation 25 of the principal Regulations (disregard of pension payments on account of redundancy)–

(a)

in paragraph (1)(b), after the words “occupational pension scheme” there shall be inserted the words “or personal pension scheme”;

(b)

after paragraph (2) there shall be inserted the following paragraph–

“(3)

In this regulation “personal pension scheme” means any personal pension scheme within the meaning of paragraph (c) or (e) of the definition of “payments by way of occupational or personal pension” in section 5(3) of the 1980 Act^f1 and any contract or trust, other than an occupational pension scheme, which falls within paragraph (d) of that definition.”.

Annotations

Footnotes

f1: 1980 c. 39; section 5 has been amended by the Social Security and Housing Benefits Act 1982 (c. 24), section 48(5) and Schedule 4, paragraph 34(2) and (3); the Social Security Act 1986 (c. 50) section 86(2) and Schedule 11; the Social Security Act 1988 (c. 7), section 7 and the Social Security Act 1989 (c. 24), section 9.