Article 42 Protected pension age and multiple pensionsF1

(1)

In the case of a member who has a protected pension age in connection with at least two of the three types of pension listed in paragraph (2) from the same registered pension scheme, Schedule 36 is modified in accordance with paragraph (3).

(2)

The three types of pension are—

(a)

a scheme pension under a defined benefits arrangement;

(b)

a scheme pension under a money purchase arrangement;

(c)

a lifetime annuity.

(3)

In paragraphs 22(7)(a) and 23(7) for “on the same date” substitute “within a period of six months beginning with the earliest date on which the individual becomes entitled to any of the benefits.”.

Annotations

Textual amendments

F1: Arts. 42, 43 inserted (6.4.2011 with effect in relation to any time on or after 6.4.2011) by The Taxation of Pension Schemes (Transitional Provisions) (Amendment) Order 2011 (S.I. 2011/732), arts. 1(1)(3), 4