C1C2C3Part IV Pension sharing
Pts. I-IV: power to modify conferred (6.4.2006) by Pensions Act 2004 (c. 35), ss. 321(1)(d), 322(1); S.I. 2006/560, art. 2(3), Sch. Pt. 3
Pts. I-IV: power to modify conferred (26.11.2008) by Pensions Act 2008 (c. 30), ss. 146(2)(c), 149(2)
C4Chapter II Sharing of state scheme rights
Pt. IV Ch. II modified (6.4.2016) by The Social Security (Northern Ireland Reciprocal Arrangements) Regulations 2016 (S.I. 2016/287), regs. 1, 2(2)(e)(ii), Sch.
I147C4 Shareable state scheme rights.
1
Pension sharing is available under this Chapter in relation to a person’s shareable state scheme rights.
F21A
For the purposes of this Chapter, a person's shareable state scheme rights are—
a
the person's shareable old state scheme rights;
b
the person's shareable new state scheme rights.
2
For the purposes of this Chapter, a person’s shareable F3old state scheme rights are—
a
his entitlement, or prospective entitlement, to a Category A retirement pension by virtue of section 44(3)(b) of the Contributions and Benefits Act (F1... additional pension), and
b
his entitlement, or prospective entitlement, to a pension under section 55A F4or 55AA of that Act (shared additional pension).
F53
For the purposes of this Chapter, a person's shareable new state scheme rights are the person's entitlement, or prospective entitlement, to the excess amount in a state pension under section 4 of the Pensions Act 2014.
4
“The excess amount”, in relation to a state pension under section 4 of the Pensions Act 2014, means any amount by which the rate of the pension exceeds the full rate of the state pension (see section 3 of that Act).
5
In determining the rate of a state pension under section 4 of the Pensions Act 2014 for the purposes of this Chapter, ignore Schedule 6 to that Act (reduced rate elections: effect on rate of section 4 pension).
Pts. I-IV modified (6.4.2006) by Pensions Act 2004 (c. 35), ss. 254(3)(c), 322(1) (with s. 313); S.I. 2006/560, art. 2(3), Sch. Pt. 3