Chwilio Deddfwriaeth

Welfare Reform and Pensions Act 1999

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Paragraph 3

 Help about opening options

Alternative versions:

Status:

Point in time view as at 26/03/2002.

Changes to legislation:

There are currently no known outstanding effects for the Welfare Reform and Pensions Act 1999, Paragraph 3. Help about Changes to Legislation

This adran has no associated Nodiadau Esboniadol

3(1)This paragraph applies to a pension credit which derives from an occupational pension scheme which is—E+W+S

(a)not funded, and

(b)not a public service pension scheme.

(2)The trustees or managers of the scheme from which a pension credit to which this paragraph applies derives may discharge their liability in respect of the credit by conferring appropriate rights under that scheme on the person entitled to the credit.

(3)The trustees or managers of the scheme from which a pension credit to which this paragraph applies derives may discharge their liability in respect of the credit by paying the amount of the credit to the person responsible for a qualifying arrangement with a view to acquiring rights under that arrangement for the person entitled to the credit if—

(a)the qualifying arrangement is not disqualified as a destination for the credit,

(b)the person responsible for that arrangement is able and willing to accept payment in respect of the credit, and

(c)payment is made with the consent of the person entitled to the credit, or in accordance with regulations made by the Secretary of State.

Commencement Information

I1Sch. 5 para. 3 wholly in force at 1.12.2000; Sch. 5 para. 3 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 5 para. 3 in force at 1.12.2000 insofar as not already in force by S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV

Yn ôl i’r brig

Options/Cymorth