Social Security Contributions and Benefits Act 1992, Cross Heading: Increase of pension where entitlement deferred is up to date with all changes known to be in force on or before 03 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.
Textual Amendments
F1Sch. 5A inserted (18.11.2004 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), s. 322(3)(a), Sch. 11 para. 15
2(1)This paragraph applies where a person’s entitlement to a shared additional pension is deferred and either—E+W+S
(a)the period of deferment is less than 12 months, or
(b)the person has made an election under paragraph 1(1)(a) in relation to the period of deferment.
(2)The rate of the person’s shared additional pension shall be increased by an amount equal to the aggregate of the increments to which he is entitled under paragraph 3, but only if that amount is enough to increase the rate of the pension by at least 1 per cent.]
Modifications etc. (not altering text)
C1Sch. 5A para. 2: sums amended (coming into force in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2024 (S.I. 2024/242), arts. 1(3)(c), 4(4)(b)
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