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Amendment of the State Pension Credit Regulations 2002
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10.—(1) The State Pension Credit Regulations 2002() are amended as follows.
(2) In regulation 15 (income for the purposes of the Act)—
(a)in paragraph (3)—
(i)after “prescribed under paragraph (1)” insert “, or retirement pension income to which section 16(1)(za) to (e)() applies,”;
(ii)after “taken into account under paragraph (1)” insert “, or section 16(1)(za) to (e),”;
(b)in paragraph (4)(), after sub-paragraph (d) add—
“(e)section 14 of the Pensions Act 2014 (pension sharing: reduction in the sharer’s section 4 pension)();
(f)section 45B or 55B of the Social Security Contributions and Benefits Act 1992 (reduction of additional pension in Category A retirement pension and shared additional pension: pension sharing)().”.
(3) In regulation 18(3) (notional income), for “maximum amount of income which may be withdrawn from the fund” substitute “rate of the annuity which may have been purchased with the fund and is to be determined by the Secretary of State, taking account of information provided by the pension fund holder in accordance with regulation 7(5) of the Social Security (Claims and Payments) Regulations 1987()”.
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