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Changes over time for: Cross Heading: Disqualification as destination for pension credit


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.
Status:
Point in time view as at 17/02/2016.
Changes to legislation:
There are currently no known outstanding effects for the Welfare Reform and Pensions Act 1999, Cross Heading: Disqualification as destination for pension credit.

Changes to Legislation
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Disqualification as destination for pension creditE+W+S
7(1)If a pension credit derives from a pension arrangement which is [a registered pension scheme under section 153 of the Finance Act 2004,] an arrangement is disqualified as a destination for the credit unless—E+W+S
(a)it is also [registered] for those purposes, or
(b)it satisfies such requirements as the Secretary of State may prescribe by regulations.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)An occupational pension scheme is disqualified as a destination for a pension credit unless the rights to be acquired under the arrangement by the person entitled to the credit are rights whose value, when calculated in accordance with regulations made by the Secretary of State, equals the credit.
(4)An annuity contract or insurance policy is disqualified as a destination for a pension credit in such circumstances as the Secretary of State may prescribe by regulations.
(5)The requirements which may be prescribed under sub-paragraph (1)(b) include, in particular, requirements of the Inland Revenue.
(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
Commencement Information
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