Pensions Act 2014

Part 3 E+W+S Amendments to do with state pension credit

88 E+W+S The State Pension Credit Act 2002 is amended as follows.

Commencement Information

I1 Sch. 12 para. 88 in force at 7.7.2015 for specified purposes by S.I. 2015/1475, art. 2(2)(a)

I2 Sch. 12 para. 88 in force at 6.4.2016 so far as not brought into force earlier by an order, see s. 56(1)(4)

89 E+W+S In section 3 (savings credit), for subsection (1) substitute—

“(1) The first of the conditions mentioned in section 1(2)(c)(ii) is that the claimant—

(a) has attained pensionable age before 6 April 2016 and has attained the age of 65 (before, on or after that date), or

(b) is a member of a couple, the other member of which falls within paragraph (a).”

Commencement Information

I3 Sch. 12 para. 89 in force at 6.4.2016, see s. 56(1)(4)

90 E+W+S After that section insert—

“3ZA Power to limit savings credit for certain mixed-age couples

(1) Regulations may provide that, in prescribed cases, a person who is a member of a mixed-age couple is not entitled to a savings credit.

(2) For example, the regulations could provide that a member of a mixed-age couple is not entitled to a savings credit unless—

(a) the person has been awarded a savings credit with effect from a day before 6 April 2016 and was entitled to a savings credit immediately before that date, and

(b) the person remained entitled to state pension credit at all times since the beginning of 6 April 2016.

(3) In this section “mixed-age couple” means a couple (whenever formed) one member of which had attained pensionable age before 6 April 2016 and the other had not.”

Commencement Information

I4 Sch. 12 para. 90 in force at 7.7.2015 by S.I. 2015/1475, art. 2(2)(d)

91 E+W+S In Schedule 1 to the Pensions Act 2007, omit paragraph 44.

Commencement Information

I5 Sch. 12 para. 91 in force at 6.4.2016, see s. 56(1)(4)