SCHEDULE 23 Pension Schemes etc: Miscellaneous
Finance Act 2006 (2006 c 25) | Legislation

SCHEDULE 23 Pension Schemes etc: Miscellaneous

Section 161

Introduction

1

Part 4 of FA 2004 (pension schemes etc) is amended as follows.

Meaning of “pension credit member†etc: person dying before discharge of liability

2

In section 151(5) (pension credit members), insert at the end “; and, if a person dies having become entitled to pension credits but without having rights attributable to them, the person is to be treated as having acquired, immediately before death, the rights by virtue of which the liability in respect of the pension credits is subsequently discharged.â€

Unauthorised payments: former members and sponsoring employers etc

3

(1)     Section 160 (payments by registered pension schemes) is amended as follows.

(2)     In subsection (1), before “member†insert “person who is or has been aâ€.

(3)     In subsection (2)—

(a)     in paragraphs (a) and (b), before “member†insert “person who is or has been aâ€, and

(b)     in paragraph (b), for “section 172, 173 or 174†substitute “this Partâ€.

(4)     In subsections (3) and (4)(a) and (b), before “sponsoring†insert “person who is or has been aâ€.

4

(1)     Section 161 (meaning of “payment†etc) is amended as follows.

(2)     In subsection (5)—

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Schemes of arrangement—procedure

Schemes of arrangement—procedureProduced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note looks at the detailed procedures to be followed to implement the acquisition by a buyer (offeror) of all the shares, or one or more classes of shares, in a company

LEXISNEXIS

Proprietary estoppel

Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice

LEXISNEXIS

Recklessness in criminal cases

Recklessness in criminal casesWhat is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise