# Welfare Reform and Pensions Act 1999, Paragraph 5


For the purposes of this Schedule, rights conferred on the person entitled to a pension credit are appropriate if—
(a) they are conferred with effect from, and including, the day on which the order, or provision, under which the credit arises takes effect, and
(b) their value, when calculated in accordance with regulations made by the Secretary of State, equals the amount of the credit.

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Source: https://www.legislation.gov.uk/ukpga/1999/30/schedule/5/paragraph/5 (the official version)
Page: https://openlegislation.uk/welfare-reform-and-pensions-act-1999/schedule-5/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.