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Pensions Act 2014

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Changes over time for: Cross Heading: Rate of section 7 pension, when added to any priority pension, straddles the full rate

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There are currently no known outstanding effects for the Pensions Act 2014, Cross Heading: Rate of section 7 pension, when added to any priority pension, straddles the full rate. Help about Changes to Legislation

Rate of section 7 pension, when added to any priority pension, straddles the full rateE+W+S

5(1)The rate of the person's state pension under section 7 is to be increased under this paragraph if—E+W+S

(a)the amount of any state pension that has priority is less than the full rate of the state pension, but

(b)the rate of the state pension under section 7, when added to the amount of any state pension that has priority, exceeds the full rate.

(2)If at any time the full rate of the state pension is increased, the rate of the person's state pension under section 7 is increased (at that time) by an amount equal to the appropriate percentage of the shortfall immediately before that time.

(3)If at any time an order under section 151A of the Administration Act comes into force, the rate of the person's state pension under section 7 is increased (at that time) by an amount equal to the appropriate percentage of the excess immediately before the order comes into force.

(4)In this paragraph—

  • “the appropriate percentage”—

    (a)

    in sub-paragraph (2), means the percentage by which the full rate is increased;

    (b)

    in sub-paragraph (3), means the percentage specified in the order;

  • the excess” means the amount by which the rate of the state pension under section 7, when added to the amount of any state pension that has priority, exceeds the full rate;

  • the shortfall” means the amount by which the amount of any state pension that has priority is less than the full rate.

Modifications etc. (not altering text)

C1Sch. 4 para. 5(3) sums amended (with effect in accordance with arts. 1(4), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2017 (S.I. 2017/260), arts. 1(2)(c), 6(4)(c)

C2Sch. 4 para. 5(3) sums amended (with effect in accordance with arts. 1(3)(4), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2018 (S.I. 2018/281), arts. 1(2)(c), 6(4)(c)

C3Sch. 4 para. 5(3) sums amended (with effect in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2019 (S.I. 2019/480), arts. 1(3)(c), 6(4)(c)

C4Sch. 4 para. 5(3) sums amended (with effect in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2020 (S.I. 2020/234), arts. 1(3)(c), 6(4)(c)

C5Sch. 4 para. 5(3): sums modified (with effect in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2021 (S.I. 2021/162), arts. 1(3)(c), 6(4)

C6Sch. 4 para. 5(3): sums modified (with effect in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2022 (S.I. 2022/292), arts. 1(3)(c), 6(4)

C7Sch. 4 para. 5(3): sums amended (coming into force in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2024 (S.I. 2024/242), arts. 1(3)(c), 6(3)(c)

Commencement Information

I1Sch. 4 para. 5 in force at 6.4.2016, see s. 56(1)(4)

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