SCHEDULE 2 Pensions: Miscellaneous Amendments
Welfare Reform and Pensions Act 1999 (1999 c 30) | Legislation

SCHEDULE 2 Pensions: Miscellaneous Amendments

Section 18

Income payments orders against pension payments

1

.Ìý.Ìý.

2

In section 310(7) of the Insolvency Act 1986 (bankrupt's income against which income payments orders may be made includes certain payments under pension schemes), after “employment and†insert “(despite anything in section 11 or 12 of the Welfare Reform and Pensions Act 1999)â€.

Extended meaning of “personal pension schemeâ€

3

(1)     In the Pension Schemes Act 1993—

(a)     .Ìý.Ìý.

(b)     in section 181(1) (general interpretation), for the definition of “employed earner†substitute—

““employed earner†and “self-employed earner†have the meanings given by section 2 of the Social Security Contributions and Benefits Act 1992;â€.

(2)     In consequence of sub-paragraph (1), the following provisions of that Act shall cease to have effect, namely—

(a)     in subsection (2)(a)(ii) of section 73 (short service benefit), the words “or a self-employed pension arrangement†and “or arrangementâ€;

(b)     in subsection (2)(a) of section 96 (exercise of option under section 95), sub-paragraph (iii) and the word “or†immediately preceding that sub-paragraph; and

(c)     in subsection (1) of section 181 (general interpretation), the definition of “self-employed pension arrangementâ€.

Revaluation of earnings factors: meaning of “relevant yearâ€

4

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Motor claims in the Portal—a practical guide (Stage 1)

Motor claims in the Portal—a practical guide (Stage 1)The Pre-Action Protocol for Low Value Personal Injury Claims in Road Traffic Accidents—30 April 2013 onwardsSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The

LEXISNEXIS

Codicils

CodicilsCodicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more

LEXISNEXIS

Collective investment schemes—essentials

Collective investment schemes—essentialsThis Practice Note examines the definition of a collective investment scheme (CIS) and available exemptions, and the treatment of regulated and unregulated CIS.Definition of a collective investment schemeThe definition of a CIS is contained in section 235 of

LEXISNEXIS

The pari passu principle and collection remedies for the office-holder—the position under the Insolvency

The pari passu principle and collection remedies for the office-holder—the position under the Insolvency (England and Wales) Rules 2016The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these