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Pensions Act 2014
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There are currently no known outstanding effects for the Pensions Act 2014, Paragraph 14.
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14(1)Section 51 (interpretation) is amended as follows.E+W+S
(2)The current text becomes subsection (1).
(3)In that subsection for the definition of “shareable state scheme rights” substitute—
““shareable state scheme rights”, and related expressions, have the meaning given by section 47;”.
(4)After that subsection insert—
“(2)For the purposes of this Chapter—
(a)a person is in the old state pension system if the person reached pensionable age before 6 April 2016 (or would have done so if the person had lived until pensionable age), and
(b)a person is in the new state pension system if the person reached pensionable age on or after 6 April 2016 (or will do so if the person lives until pensionable age).”
Commencement Information
I1Sch. 11 para. 14 in force at 6.4.2016, see s. 56(1)(4)
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