Chwilio Deddfwriaeth

Welfare Reform and Pensions Act 1999

Status:

Point in time view as at 11/11/1999.

Changes to legislation:

There are currently no known outstanding effects for the Welfare Reform and Pensions Act 1999, SCHEDULE 2. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

Section 18.

SCHEDULE 2U.K. Pensions: miscellaneous amendments

This Atodlen has no associated Nodiadau Esboniadol

Income payments orders against pension paymentsE+W+S

1SIn section 32(2) of the M1Bankruptcy (Scotland) Act 1985 (vesting of estate, and dealings of debtor, after sequestration), at the beginning insert “ Notwithstanding anything in section 11 or 12 of the Welfare Reform and Pensions Act 1999, ”.

Commencement Information

I1 Sch. 2 para. 1 wholly in force at 29.5.2000; Sch. 2 para. 1 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 1 in force at 29.5.2000 by S.I. 2000/1382, art. 2(e)

Marginal Citations

2E+WIn section 310(7) of the M2Insolvency Act 1986 (bankrupt’s income against which income payments orders may be made includes certain payments under pension schemes), after “employment and” insert “ (despite anything in section 11 or 12 of the Welfare Reform and Pensions Act 1999) ”.

Commencement Information

I2Sch. 2 para. 2 wholly in force at 29.5.2000; Sch. 2 para. 2 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 2 in force at 29.5.2000 by S.I. 2000/1382, art. 2(e)

Marginal Citations

Extended meaning of “personal pension scheme”U.K.

3(1)In the M3Pension Schemes Act 1993—U.K.

(a)in section 1 (categories of pension schemes), in the definition of “personal pension scheme”, for “employed earners” substitute “ earners (whether employed or self-employed) ”; and

(b)in section 181(1) (general interpretation), for the definition of “employed earner” substitute—

employed earner” and “self-employed earner” have the meanings given by section 2 of the M4Social Security Contributions and Benefits Act 1992;.

(2)In consequence of sub-paragraph (1), the following provisions of that Act shall cease to have effect, namely—

(a)in subsection (2)(a)(ii) of section 73 (short service benefit), the words “or a self-employed pension arrangement” and “or arrangement”;

(b)in subsection (2)(a) of section 96 (exercise of option under section 95), sub-paragraph (iii) and the word “or” immediately preceding that sub-paragraph; and

(c)in subsection (1) of section 181 (general interpretation), the definition of “self-employed pension arrangement”.

Commencement Information

I3Sch. 2 para. 3 wholly in force at 25.4.2001; Sch. 2 para. 3 in force for certain purposes at Royal Assent, see s. 89(1)(5); Sch. 2 para. 3 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Revaluation of earnings factors: meaning of “relevant year”E+W+S

4E+W+SIn section 16(5) of the M5Pension Schemes Act 1993 (revaluation of earnings factors for purposes of section 14: early leavers etc.), for the definition of “relevant year” substitute—

relevant year” means any tax year in the earner’s working life,.

Commencement Information

I4Sch. 2 para. 4 wholly in force at 25.4.2000; Sch. 2 para. 4 in force for certain purposes at Royal Assent, see s. 89(1)(5); Sch. 2 para. 4 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Interim arrangementsU.K.

5(1)Section 28 of the M6Pension Schemes Act 1993 (ways of giving effect to protected rights) is amended as follows.E+W+S

(2)In subsection (1)—

(a)omit paragraph (aa) (but not the final “and”); and

(b)in paragraph (b), for “permitted” substitute “ provided for ”.

(3)For subsection (1A) substitute—

(1A)Where the scheme is a personal pension scheme which provides for the member to elect to receive payments in accordance with this subsection, and the member so elects, effect shall be given to his protected rights during the interim period by the making of payments under an interim arrangement which—

(a)complies with section 28A, and

(b)satisfies such conditions as may be prescribed;

and in such a case subsections (2) to (4) accordingly apply as regards giving effect to his protected rights as from the end of that period.

(4)In subsection (3) for “(1A)(a) or” substitute “ (1A) or ”.

Commencement Information

I5Sch. 2 para. 5 wholly in force at 1.1.2002; Sch. 2 para. 5 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 5 in force at 1.1.2002 insofar as not already in force by S.I. 2001/4049, art. 2(1)(a)

Marginal Citations

Effect of certain orders on guaranteed minimum pensionsE+W+S

6E+W+SIn section 47 of the Pension Schemes Act 1993 (entitlement to guaranteed minimum pension for the purposes of the relationship with social security benefits), after subsection (6) (which is inserted by section 32(4) of this Act) add—

(7)For the purposes of section 46, a person shall be treated as entitled to any guaranteed minimum pension to which he would have been entitled but for any order under section 342A of the M7Insolvency Act 1986 (recovery of excessive pension contributions) or under section 36A of the M8Bankruptcy (Scotland) Act 1985.

Commencement Information

I6Sch. 2 para. 6 wholly in force at 6.4.2002; Sch. 2 para. 6 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 6 in force at 6.4.2002 insofar as not already in force by S.I. 2002/153, art. 2(j)

Marginal Citations

Mandatory payment of contributions equivalent premiumsU.K.

7(1)In section 55 of the M9Pension Schemes Act 1993 (contributions equivalent premiums)—U.K.

(a)in subsection (2), after “the prescribed person” insert “ shall, if subsection (2B) applies, pay and otherwise ”;

(b)in subsection (2A), omit the words following paragraph (e); and

(c)after that subsection insert—

(2B)Except in prescribed circumstances, this subsection applies in any case where the earner has no accrued right to any benefit under the scheme.

(2C)Where a contributions equivalent premium is required to be paid in respect of an earner by virtue of subsection (2), the prescribed person must notify the Inland Revenue of that fact within the prescribed period and in the prescribed manner.

(2)In section 51 of the M10Pension Schemes (Northern Ireland) Act 1993 (contributions equivalent premiums)—

(a)in subsection (2), after “the prescribed person” insert “ shall, if subsection (2B) applies, pay and otherwise ”;

(b)in subsection (2A), omit the words following paragraph (e); and

(c)after that subsection insert—

(2B)Except in prescribed circumstances, this subsection applies in any case where the earner has no accrued right to any benefit under the scheme.

(2C)Where a contributions equivalent premium is required to be paid in respect of an earner by virtue of subsection (2), the prescribed person must notify the Inland Revenue of that fact within the prescribed period and in the prescribed manner.

Commencement Information

I7Sch. 2 para. 7 wholly in force at 6.4.2002; Sch. 2 para. 7 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 7 in force at 6.4.2002 insofar as not already in force by S.I. 2001/4049, art. 2(3)(a)

Marginal Citations

Payment by Secretary of State of unpaid pension contributionsE+W+S

8(1)Paragraph 2 of Schedule 4 to the M11Pension Schemes Act 1993 (priority in bankruptcy for amounts paid by Secretary of State in respect of unpaid pension contributions) is amended as follows.E+W+S

(2)For sub-paragraphs (1) to (3) substitute—

(1)This Schedule applies to any sum owed on account of an employer’s contributions to a salary related contracted-out scheme which were payable in the period of 12 months immediately preceding the relevant date.

(1A)The amount of the debt having priority by virtue of sub-paragraph (1) shall be taken to be an amount equal to the appropriate amount.

(2)This Schedule applies to any sum owed on account of an employer’s minimum payments to a money purchase contracted-out scheme falling to be made in the period of 12 months immediately preceding the relevant date.

(3)In so far as payments cannot from the terms of the scheme be identified as falling within sub-paragraph (2), the amount of the debt having priority by virtue of that sub-paragraph shall be taken to be an amount equal to the appropriate amount.

(3A)In sub-paragraph (1A) or (3) “the appropriate amount” means the aggregate of—

(a)the percentage for non-contributing earners of the total reckonable earnings paid or payable, in the period of 12 months referred to in sub-paragraph (1) or (2) (as the case may be), to or for the benefit of non-contributing earners; and

(b)the percentage for contributing earners of the total reckonable earnings paid or payable, in that period, to or for the benefit of contributing earners.

(3)In sub-paragraph (4), for “sub-paragraph (3)” substitute “ sub-paragraph (3A) ”.

Commencement Information

I8Sch. 2 para. 8 wholly in force at 25.4.2000; Sch. 2 para. 8 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 8 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Supervision by the Occupational Pensions Regulatory AuthorityU.K.

9E+W+SIn section 3(2)(b) of the M12Pensions Act 1995 (power of Authority to remove pension scheme trustee to whom section 3 applies by virtue of any other provision of Part I of the Act), for “this Part” substitute “ this or any other Act ”.

Commencement Information

I9Sch. 2 para. 9 wholly in force aty 25.4.2000; Sch. 2 para. 9 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 9 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

10U.K.In section 8(4) of the M13Pensions Act 1995 (provision which may be contained in orders made by the Authority appointing pension scheme trustees), omit the word “or” at the end of paragraph (a).

Commencement Information

I10Sch. 2 para. 10 wholly in force at 25.4.2000; Sch. 2 para. 10 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 10 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

11E+W+SIn section 10 of the M14Pensions Act 1995 (imposition of civil penalties by the Authority), after subsection (8) insert—

(8A)Any penalty recoverable under this section—

(a)shall, if a county court so orders, be recoverable by execution issued from the county court or otherwise as if it were payable under an order of that court; and

(b)may be enforced as if it were an extract registered decree arbitral bearing a warrant for execution issued by the sheriff court of any sheriffdom in Scotland.

Commencement Information

I11Sch. 2 para. 11 partly in force; Sch. 2 para. 11 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 11 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Occupational pension schemes: institutions who may hold money deposited by trustees etc.E+W+S

12(1)Section 49 of the Pensions Act 1995 (other responsibilities of trustees, employers, etc.) is amended as follows.E+W+S

(2)In each of subsections (1) and (5) (money to be kept by trustees or employers in accounts with institutions authorised under the M15Banking Act 1987), for “an institution authorised under the Banking Act 1987” substitute “ a relevant institution ”.

(3)After subsection (1) insert—

(1A)In this section “relevant institution” means—

(a)an institution authorised under the Banking Act 1987;

(b)an institution within any of paragraphs 1 to 6 of Schedule 2 to that Act (institutions not requiring authorisation); or

(c)a European authorised institution within the meaning of the M16Banking Coordination (Second Council Directive) Regulations 1992 which may lawfully accept deposits in the United Kingdom in accordance with those regulations.

Commencement Information

I12Sch. 2 para. 12 wholly in force at 25.4.2000; Sch. 2 para. 12 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 12 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Annual increase in rate of pensionE+W+S

13E+W+SIn section 54(3) of the M17Pensions Act 1995 (supplementary provisions about annual increases in pensions), in the definition of “appropriate percentage”, for the words from “the revaluation period” onwards substitute “ the latest revaluation period specified in the order under paragraph 2 of Schedule 3 to the M18Pension Schemes Act 1993 (revaluation of accrued pension benefits) which is in force at the time of the increase (expressions used in this definition having the same meaning as i that paragraph), ”.

Commencement Information

I13Sch. 2 para. 13 wholly in force at 25.4.2000; Sch. 2 para. 13 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 13 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Occupational pension schemes: certificates etc. relating to minimum funding requirementU.K.

14(1)In section 58 of the M19Pensions Act 1995 (schedules of contributions), in subsection (6)(a) (certification by actuary of adequacy of rates of contributions to meet minimum funding requirement)—E+W+S

(a)for the words from “on the date” to “is met,” substitute “ it appears to him that the minimum funding requirement was met on the prescribed date, ”; and

(b)omit the words “continue to”.

(2)In section 59 of that Act (determination of contributions: supplementary), in subsection (3) (duty of trustees etc. to prepare report of failure to meet minimum funding requirement), after “they must” insert “ , within such further period as may be prescribed, ”.

Commencement Information

I14Sch. 2 para. 14 wholly in force at 19.3.2002; Sch. 2 para. 14 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 14 in force at 1.2.2002 insofar as not already in force by S.I. 2001/4049, art. 2(2)(a) (which S.I. 2001/4049, art. 2(2)(a) was omitted (30.1.2002) by virtue of S.I. 2002/153, art. 3); Sch. 2 para. 14 in force at 19.3.2002 insofar as not already in force by S.I. 2002/381, art. 2(a)

Marginal Citations

Excess assets of wound-up schemesU.K.

15U.K.In section 77(5) of the M20Pensions Act 1995 (penalties for trustees who deal improperly with excess assets of wound-up occupational pension schemes), for “section 3 applies” substitute “ sections 3 and 10 apply ”.

Commencement Information

I15Sch. 2 para. 15 wholly in force at 25.4.2000; Sch. 2 para. 15 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Pensions Compensation BoardU.K.

16(1)In section 79(1) of the Pensions Act 1995 (annual reports of Pensions Compensation Board)—U.K.

(a)for “the first twelve months of their existence, and a report for each succeeding period of twelve months,” substitute “ each financial year of the Board ”; and

(b)at the end insert—

Sub-paragraph (4) of paragraph 17 of Schedule 2 (meaning of “financial year”) applies for the purposes of this subsection as for those of that paragraph.

(2)The amendments made by sub-paragraph (1) have effect in relation to the financial year beginning on the first 6th April falling after that sub-paragraph comes into force and to each subsequent financial year; and the period which begins with the last 1st August before, and ends with the 5th April immediately preceding, that 6th April shall be taken to be the last period in respect of which the Board are required to prepare a report under section 79(1) as originally enacted.

Commencement Information

I16Sch. 2 para. 16 wholly in force at 25.4.2000; Sch. 2 para. 16 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Diligence against pensions: ScotlandE+W+S

17E+W+SIn section 94(3) of the M21Pensions Act 1995 (application of sections 91 and 92 to Scotland), at the end insert—

(f)after subsection 91(4) there is inserted—

“(4A)Subject to section 73(3)(d) of the M22Debtors (Scotland) Act 1987, nothing in this section prevents any diligence mentioned in section 46 of that Act being done against a pension under an occupational pension scheme. ”

Commencement Information

I17Sch. 2 para. 17 wholly in force at 25.4.2000; Sch. para. 17 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 17 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Pensionable serviceE+W+S

18E+W+SIn section 124(3) of the M23Pensions Act 1995 (matters to be disregarded in determining “pensionable service”), at the end insert— “ but, in its application for the purposes of section 51, paragraph (b) does not affect the operation of any rules of the scheme by virtue of which a period of service is to be rounded up or down by a period of less than a month. ”

Commencement Information

I18Sch. 2 para. 18 wholly in force at 25.4.2000; Sch. 2 para. 18 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 18 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Occupational pension schemes: rights of employee who is director of corporate trusteeE+W+S

19(1)The M24Employment Rights Act 1996 is amended as follows.E+W+S

(2)In section 46 (employee who is a trustee of a pension scheme not to be subject to detriment referable to his carrying out his functions as such a trustee), after subsection (2) insert—

(2A)This section applies to an employee who is a director of a company which is a trustee of a relevant occupational pension scheme as it applies to an employee who is a trustee of such a scheme (references to such a trustee being read for this purpose as references to such a director).

(3)In section 58 (right to time off for pension scheme trustees), after subsection (2) insert—

(2A)This section applies to an employee who is a director of a company which is a trustee of a relevant occupational pension scheme as it applies to an employee who is a trustee of such a scheme (references to such a trustee being read for this purpose as references to such a director).

(4)In section 102 (unfair dismissal of pension scheme trustees), after subsection (1) insert—

(1A)This section applies to an employee who is a director of a company which is a trustee of a relevant occupational pension scheme as it applies to an employee who is a trustee of such a scheme (references to such a trustee being read for this purpose as references to such a director).

Commencement Information

I19Sch. 2 para. 19 wholly in force at 25.4.2000; Sch. 2 para. 19 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 19 in force at 25.4.2000 by S.I. 2000/1047, art. 2(2)(b), Sch. Pt. II

Marginal Citations

Yn ôl i’r brig

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open y Ddeddf Gyfan

Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Mae deddfwriaeth ar gael mewn fersiynau gwahanol:

Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.

Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.

Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

Gweler y wybodaeth ychwanegol ochr yn ochr â’r cynnwys

Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Dewisiadau Agor

Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd

Close

Nodiadau Esboniadol

Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.

Close

Rhagor o Adnoddau

Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • slipiau cywiro
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Close

Llinell Amser Newidiadau

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

Rhagor o Adnoddau

Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • slipiau cywiro

liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys

  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill