The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 No. 79

SCHEDULES

SCHEDULE 6 N.I. Statements of benefits: money purchase benefits [F1 and cash balance benefits]

Textual Amendments

F1 Words in Sch. 6 heading inserted (24.7.2014) by The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/204), regs. 1(1), 73(7)

PART 2 N.I. Pension illustration

7.—(1) The amount referred to in paragraph 6 must be calculated— N.I.

(a) by reference to—

(i) the relevant guidance, and

(ii) the assumptions listed in paragraph 8;

(b) having regard to the value of the member’s accrued rights to money purchase benefits under the scheme on the illustration date.

(2) For the purposes of paragraph 6, the calculation of the amount of the pension may take account of a lump sum.

Commencement Information

I1 Sch. 6 para. 7 in operation at 6.4.2014, see reg. 1(1)