Point in time view as at 25/03/2020.
Social Security Contributions and Benefits (Northern Ireland) Act 1992, Cross Heading: Lump sum where pensioner’s entitlement is deferred is up to date with all changes known to be in force on or before 04 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. 5 paras. 3A, 3B and cross-heading inserted (17.2.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255), art. 1(4), Sch. 9 para. 7(1) (with Sch. 9 para. 7(2))
3A.(1)This paragraph applies where—N.I.
(a)a person’s entitlement to a Category A or Category B retirement pension is deferred, and
(b)the person has made (or is treated as having made) an election under paragraph A1(1)(b) in relation to the period of deferment.
(2)The person is entitled to an amount calculated in accordance with paragraph 3B (a “lump sum”).]
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