- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
11. In regulation 18 (initial payments)(1)—
(a)omit paragraphs (2), (3) and (10);
(b)for paragraph (4) substitute—
“(4) The scheme manager may, in his discretion, make a payment (“an initial payment”) to, or in respect of, a qualifying member or his survivor—
(a)in anticipation of an annual payment being payable under this Part to the qualifying member or his survivor, and on account of such a payment; and
(b)before any monthly instalment of that annual payment is made.
(4A) An initial payment under paragraph (4) may be made—
(a)except where sub-paragraph (c) applies, to the qualifying member with effect from whichever is the later of—
(i)14th May 2004; or
(ii)the earlier of—
(aa)the day on which the qualifying member attains normal retirement age; or
(bb)the day on which the scheme manager is first notified that the qualifying member is terminally ill;
(b)if the qualifying member has died, to a survivor of that qualifying member with effect from whichever is the later of—
(i)14th May 2004; or
(ii)the day after the day on which that qualifying member died; or
(c)if the qualifying member is regarded as a qualifying member under regulation 15(5), to that member with effect from whichever is the later of—
(i)14th May 2004; or
(ii)the date on which he became entitled to a present payment from the qualifying pension scheme.”.
Regulation 18 was substituted by S.I. 2005/3256 and was amended by S.I. 2006/3370, 2007/3581 and 2008/1432.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: