http://www.legislation.gov.uk/ukpga/2015/8/schedule/4/paragraph/18Pension Schemes Act 2015An Act to make provision about pension schemes, including provision designed to encourage arrangements that offer people different levels of certainty in retirement or that involve different ways of sharing or pooling risk and provision designed to give people greater flexibility in accessing benefits and to help them make informed decisions about what to do with benefits.texttext/xmlenStatute Law Database2022-11-29Expert Participation2022-08-01 SCHEDULESSCHEDULE 4Rights to transfer benefits PART 1 Great Britain amendments<Emphasis>Pension Schemes Act 1993 (c. 48)</Emphasis>181Section 101J (time for compliance with transfer notice) is amended as follows.2In subsection (1), for paragraphs (a) and (b) substitute—ain the case of an application that relates to benefits other than money purchase benefits, within 6 months beginning with the valuation date, andbin the case of an application that relates to money purchase benefits, within 6 months of the date on which the notice is given.3After subsection (2) insert—2ARegulations may extend the period for complying with the notice in prescribed circumstances.4For subsection (7) substitute—7In subsection (1)(a), “valuation date” means the date by reference to which the amount shown in the relevant statement under section 101H is determined.Sch. 4 para. 18 wholly in force; Sch. 4 para. 18 in force at Royal Assent for specified purposes; Sch. 4 para. 18 in force in so far as not already in force at 6.4.2015 see s. 89(1)(b)(3)(b)
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<dc:title>Pension Schemes Act 2015</dc:title>
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<Number>SCHEDULE 4</Number>
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<Title>Great Britain amendments</Title>
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<Emphasis>Pension Schemes Act 1993 (c. 48)</Emphasis>
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<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2015/8/schedule/4/paragraph/18" IdURI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/4/paragraph/18" RestrictStartDate="2015-03-03" id="schedule-4-paragraph-18">
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18
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<Pnumber>1</Pnumber>
<P2para>
<Text>Section 101J (time for compliance with transfer notice) is amended as follows.</Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2015/8/schedule/4/paragraph/18/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/4/paragraph/18/2" id="schedule-4-paragraph-18-2">
<Pnumber>2</Pnumber>
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<Text>In subsection (1), for paragraphs (a) and (b) substitute—</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>in the case of an application that relates to benefits other than money purchase benefits, within 6 months beginning with the valuation date, and</Text>
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<Pnumber>b</Pnumber>
<P3para>
<Text>in the case of an application that relates to money purchase benefits, within 6 months of the date on which the notice is given.</Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2015/8/schedule/4/paragraph/18/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/4/paragraph/18/3" id="schedule-4-paragraph-18-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>After subsection (2) insert—</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
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<Pnumber>2A</Pnumber>
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<Text>Regulations may extend the period for complying with the notice in prescribed circumstances.</Text>
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<Pnumber>4</Pnumber>
<P2para>
<Text>For subsection (7) substitute—</Text>
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<Pnumber>7</Pnumber>
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<Text>
In subsection (1)(a), “
<Term>valuation date</Term>
” means the date by reference to which the amount shown in the relevant statement under section 101H is determined.
</Text>
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<Commentary id="c2249168" Type="I">
<Para>
<Text>
<CitationSubRef id="c00086" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/4/paragraph/18" SectionRef="schedule-4-paragraph-18">Sch. 4 para. 18</CitationSubRef>
wholly in force;
<CitationSubRef id="c00087" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/4/paragraph/18" SectionRef="schedule-4-paragraph-18">Sch. 4 para. 18</CitationSubRef>
in force at Royal Assent for specified purposes;
<CitationSubRef id="c00088" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/schedule/4/paragraph/18" SectionRef="schedule-4-paragraph-18">Sch. 4 para. 18</CitationSubRef>
in force in so far as not already in force at 6.4.2015 see
<CitationSubRef id="c00089" URI="http://www.legislation.gov.uk/id/ukpga/2015/8/section/89/1/b/3/b" SectionRef="section-89-1-b-3-b">s. 89(1)(b)(3)(b)</CitationSubRef>
</Text>
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