SCHEDULES

SCHEDULE 10Pension schemes etc.

54Transitional provisions: persons who may take benefits before normal minimum pension age

1

Schedule 36 (transitional provisions) is amended as follows.

2

In paragraph 19(5) (individuals permitted to take pension before normal minimum pension age), omit “and the pension scheme”.

3

In the heading before paragraph 21, for “pension” substitute “benefit”.

4

Paragraph 22 (right to take pension before normal minimum pension age: protected pension scheme where original pension scheme within paragraph 1(1)(a), (b), (c), (d) or (e)) is amended as follows.

5

In sub-paragraph (4)(a) (entitlement to pension at age of less than 55), for “a pension” substitute “any benefit”.

6

In sub-paragraph (7) (retirement condition)—

a

in paragraph (a), for “pensions” substitute “benefits”, and

b

in paragraph (b), for “a pension” substitute “any benefit”.

7

In sub-paragraph (8) (member’s protected pension age), for “a pension” substitute “any benefit”.