Point in time view as at 01/01/2007.
Pensions Act 2004, Paragraph 18 is up to date with all changes known to be in force on or before 09 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.
18E+W+SIn section 122(1) (interpretation of Parts 1 to 6)—
(a)before the definition of “beneficiary” insert—
““Bank of England base rate” means—
(a)the rate announced from time to time by the Monetary Policy Committee of the Bank of England as the official dealing rate, being the rate at which the Bank is willing to enter into transactions for providing short term liquidity in the money markets, or
(b)where an order under section 19 of the Bank of England Act 1998 is in force, any equivalent rate determined by the Treasury under that section;”, and
(b)for the definitions of “deferred” and “period of deferment” substitute—
““deferred” and “period of deferment”—
(a)in relation to a Category A or Category B retirement pension, have the meanings given by section 55(3), and
(b)in relation to a shared additional pension, have the meanings given by section 55C(3);”.
Commencement Information
I1Sch. 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
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