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Pensions Act 2004

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Changes to legislation:

Pensions Act 2004, Paragraph 32 is up to date with all changes known to be in force on or before 19 February 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. Help about Changes to Legislation

This section has no associated Explanatory Notes

32(1)This paragraph applies to a member of the scheme if—E+W+S

(a)his pensionable service terminates on the commencement of the assessment period, and

(b)as a result, he has rights, in relation to the scheme, under [F1Chapter 2 of Part 4ZA] of the Pension Schemes Act 1993 (c. 48) (early leavers: cash transfer sums and contribution refunds).

(2)Where this paragraph applies, for the purposes of this Schedule the member is to be treated as if, immediately before the assessment date, he—

(a)had relevant accrued rights to benefits under the scheme (within the meaning of section 101AA(4) of that Act), and

(b)did not have any other rights to benefits (other than benefits attributable (directly or indirectly) to a pension credit) under the scheme.

Textual Amendments

F1Words in Sch. 7 para. 32(1)(b) substituted (6.4.2015) by Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 42(3) (with s. 87)

Modifications etc. (not altering text)

Commencement Information

I1Sch. 7 para. 32 in force at 6.4.2005 by S.I. 2005/275, art. 2(7), Sch. Pt. 7

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