The Pensions Act 2014 (Consequential, Supplementary and Incidental Amendments) Order 2015

Amendment of the Transfer of State Pensions and Benefits Regulations 2007

30.—(1) The Transfer of State Pensions and Benefits Regulations 2007(1) are amended as follows.

(2) In regulation 1(2) (citation, commencement and interpretation) in the definition of “relevant benefit”(2) after paragraph (b) insert—

“(ba) a state pension under Part 1 of the Pensions Act 2014 or Part 1 of the Pensions Act (Northern Ireland) 2015;”.

(3) After regulation 2(3) (transferable rights)(3) insert—

“(4) In determining a person’s rights to relevant benefits for the purposes of this regulation, regulation 13 of the State Pension Regulations 2015 (minimum number of qualifying years), and any provisions in Northern Ireland which correspond to that regulation, shall not have effect.”.

(4) In regulation 8(3) (effect of making a cash equivalent transfer payment)(4)—

(a) after the first reference to “the 1992 Acts” insert “, Part 1 of the Pensions Act 2014, Part 1 of the Pensions Act (Northern Ireland) 2015”;

(b) for “it” substitute “those Acts”.

(1)

S.I. 2007/1398.

(2)

The definition of “relevant benefit” was amended by S.I. 2013/630.

(3)

Regulation 2(3) was amended by S.I. 2010/1825.

(4)

Regulation 8(3) was amended by S.I. 2010/1825.