Pensions Act 2004 (c. 35)

SCHEDULES

SCHEDULE 11 E+W+S Deferral of retirement pensions and shared additional pensions

Part 1 E+W+S Principal amendments of Social Security Contributions and Benefits Act 1992 (c. 4)

Commencement Information

I1 Sch. 11 wholly in force at 6.4.2005; Sch. 11 in force at Royal Assent for specified purposes and otherwise at 6.4.2005 see s. 322

12 E+W+S After paragraph 7B (inserted by paragraph 11 of this Schedule) insert—

“Supplementary E+W+S

7C (1) Any lump sum calculated under paragraph 3B or 7B must be rounded to the nearest penny, taking any 1/2p as nearest to the next whole penny above.

(2) In prescribing a percentage rate for the purposes of paragraphs 3B and 7B, the Secretary of State must have regard to—

(a) the national economic situation, and

(b) any other matters which he considers relevant.”

Commencement Information

I2 Sch. 11 wholly in force at 6.4.2005; Sch. 11 in force at Royal Assent for specified purposes and otherwise at 6.4.2005 see s. 322