F3F1Part 4ZATransfers and contribution refunds

Annotations:
Amendments (Textual)
F3

Pt. 4ZA formed from Pt. 4 Chs. 4, 5 (6.4.2015) by Pension Schemes Act 2015 (c. 8), s. 89(3)(b), Sch. 4 para. 4(1)

C1C13C7C4C2C12C3C6C11C9C10C8C5C14C15C16C17F2Chapter 1Transfer rights: general

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1

Pt. 4ZA Ch. 1 (originally Pt. IV Ch. IV) applied (31.5.1994) by The Railway Pensions (Protection and Designation of Schemes) Order 1994 (S.I. 1994/1432), arts. 1(1), 6(4)

C15

Pt. 4ZA Ch. 1: power to modify conferred (5.9.2018 for specified purposes, 1.10.2018 in so far as not already in force) by Pension Schemes Act 2017 (c. 17), s. 44(2), Sch. 1 para. 1(6)(a); S.I. 2018/965, reg. 2(a)(b)

C16

Pt. 4ZA Ch. 1: power to modify conferred (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), s. 131(1)(3)(a), Sch. 2 para. 1(6)(a); S.I. 2022/721, regs. 1(2), 3(a)

100DF4Interpretation of Chapter

In this Chapter—

  • accrued rights”, in relation to a member of a pension scheme, means rights that have accrued to or in respect of the member to benefits under the scheme;

  • category”, in relation to benefits, has the meaning given by section 93(6);

  • flexible benefit” has the meaning given by section 74 of the Pension Schemes Act 2015;

  • guarantee date”, in relation to a member who has received a statement of entitlement, has the meaning given by section 93A;

  • member” is to be read in accordance with section 93(11);

  • normal pension age” has the meaning given by section 100C;

  • pension credit rights”, in relation to a member of a pension scheme, means rights to benefits under the scheme which are attributable (directly or indirectly) to a pension credit;

  • “salary related occupational pension scheme”: an occupational pension scheme is “salary related” if—

    1. a

      the scheme is not a scheme under which all the benefits that may be provided are money purchase benefits, and

    2. b

      the scheme does not fall within a prescribed class;

  • scheme rules”, in relation to a pension scheme, has the meaning given by section 100B;

  • statement of entitlement” has the meaning given by section 93A;

  • transferrable rights” is to be read in accordance with section 93(11).