Point in time view as at 26/11/2008.
Pensions Act 2004, Paragraph 5 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
5E+W+SFor paragraph 1 (increase of pension where pensioner’s entitlement is deferred) substitute—
“1(1)This paragraph applies where a person’s entitlement to a Category A or Category B retirement pension is deferred and one of the following conditions is met—
(a)the period of deferment is less than 12 months, or
(b)the person has made an election under paragraph A1(1)(a) in relation to the period of deferment.
(2)The rate of the person’s Category A or Category B retirement pension shall be increased by an amount equal to the aggregate of the increments to which he is entitled under paragraph 2, but only if that amount is enough to increase the rate of the pension by at least 1 per cent.”
Commencement Information
I1Sch. 11 wholly in force at 6.4.2005; Sch. 11 in force at Royal Assent for specified purposes and otherwise at 6.4.2005 see s. 322
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