The Contracting-out (Transfer and Transfer Payment) Regulations 1996

1. Introductory Text

2. PART I GENERAL

   1. 1. Citation, commencement and interpretation

3. PART II TRANSFERS OF AND TRANSFER PAYMENTS IN RESPECT OF GUARANTEED MINIMUM PENSIONS

   1. 2. General

   2. 3. Transfers of guaranteed minimum pensions to schemes that were salary-related contracted-out schemes

   3. 4. Connected employer transfers of guaranteed minimum pensions

   4. 5. Transfer payments in respect of guaranteed minimum pensions to occupational and personal pension schemes

   5. 6. Transfer payments in respect of guaranteed minimum pensions to overseas schemes

   6. 6A. Transfers in respect of guaranteed minimum pensions in the case of a regulated apportionment arrangement or where an assessment period has commenced

4. PART III TRANSFERS OF LIABILITY IN RESPECT OF SECTION 9(2B) RIGHTS

   1. 7. General

   2. 8. Transfer payments to schemes that were salary-related contracted-out schemes in respect of section 9(2B) rights

   3. 9. Connected employer transfer payments

   4. 10. Transfer payments to occupational and person pension schemes in respect of section 9(2B) rights

   5. 11. Transfer payments to overseas schemes or arrangements in respect of section 9(2B) rights

   6. 11A. Transfers in respect of section 9(2B) rights in the case of a regulated apportionment arrangement or where an assessment period has commenced

5. PART IV MODIFICATION OF PART III OF THE 1993 ACT

   1. 12. Modifications of Part III of the 1993 Act on transfers of and transfer payments in respect of guaranteed minimum pensions from occupational pension schemes

   2. 13. Modifications of Part III of the 1993 Act on transfers from policies of insurance or annuity contracts

   3. 13A. ...

   4. 13B. Modification of section 16: revaluation after transfer from another scheme

6. PART V REVOCATIONS AND TRANSITIONAL PROVISIONS

   1. 14. Revocations and transitional provisions

7. Signature

8. 1. SCHEDULE 1

      FURTHER CONDITIONS FOR TRANSFERS OF GUARANTEED MINIMUM PENSIONS

      1. PART I Further Conditions for Transfer to ... a Salary-related ... Scheme of Accrued Rights to Guaranteed Minimum Pensions

         1. 1. Subject to paragraphs 2 to 4, the receiving scheme must...

         2. 2. Subject to paragraphs 3 and 4, the arrangements for the...

         3. 3. If the weekly equivalent derived from the earnings factors which...

         4. 4. If the weekly equivalent derived from the earnings factors which...

      2. PART II Further Conditions for Transfer from an Appropriate Policy to a Scheme that was a Salary-related Contracted-out Scheme of Accrued Rights to Guaranteed Minimum Pensions

         1. 5. The receiving scheme must provide for pensions to be paid...

      3. PART III FURTHER CONDITIONS FOR TRANSFER OF LIABILITY FOR THE PAYMENT OF A GUARANTEED MINIMUM PENSION TO OR IN RESPECT OF A PERSON WHO HAS BECOME ENTITLED TO IT

         1. 6. (1) The date of commencement of the pension the liability...

   2. SCHEDULE 2

      MODIFICATIONS OF PART III OF THE 1993 ACT

      1. 1. Section 8(2) shall have effect as if for the definition...

      2. 1A. Section 24A(1)(a) shall have effect as if after “17(1)” there...

      3. 2. Section 46 shall have effect as if the reference in...

      4. 3. Section 14(1) shall have effect as if the reference to...

      5. 4. Section 20(6) shall have effect as if after the words...

      6. 5. Section 159 shall have effect as if subsections (1)(b) and...

      7. 6. Section 8(2) shall have effect as if for the definition...

      8. 7. Section 14(1) shall have effect as if the reference to...

      9. 8. Section 20(6) shall have effect as if after the words...

      10. 9. MODIFICATIONS OF PART OF THE 1993 ACT

   3. SCHEDULE 3

      REVOCATIONS

   4. SCHEDULE 4

      TRANSITIONAL PROVISIONS

      1. In a case such as is mentioned in regulation 14(3),...

9. Explanatory Note