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Welfare Reform and Pensions Act 1999

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Changes over time for: Cross Heading: Interim arrangements

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Version Superseded: 06/04/2012

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Status:

Point in time view as at 30/12/2005.

Changes to legislation:

There are currently no known outstanding effects for the Welfare Reform and Pensions Act 1999, Cross Heading: Interim arrangements. Help about Changes to Legislation

Interim arrangementsU.K.

5(1)Section 28 of the M1Pension 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

I1Sch. 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)

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