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The Contracting-out (Transfer and Transfer Payment) Regulations (Northern Ireland) 1996

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  1. Introductory Text

  2. Part I General

    1. 1.Citation, commencement and interpretation

  3. Part II Transfers of, and Transfer Payments in respect of, Guaranteed Minimum Pensions

    1. 2.General

    2. 3.Transfers of guaranteed minimum pensions to salary related contracted-out schemes

    3. 4.Connected employer transfers of guaranteed minimum pensions

    4. 5.Transfer payments in respect of guaranteed minimum pensions to money purchase contracted-out schemes and appropriate personal pension schemes

    5. 6.Transfer payments in respect of guaranteed minimum pensions to overseas schemes

  4. Part III Transfers of Liability in Respect of Section 5(2B) Rights

    1. 7.General

    2. 8.Transfer payments to salary related contracted-out schemes in respect of section 5(2B) rights

    3. 9.Connected employer transfer payments

    4. 10.Transfer payments to money purchase contracted-out schemes and appropriate personal pension schemes in respect of section 5(2B) rights

    5. 11.Transfer payments to overseas schemes or arrangements in respect of section 5(2B) rights

  5. Part IV Modifications of Part III of the 1993 Act

    1. 12.Modifications of Part III of the 1993 Act on transfers of, and transfer payments in respect of, guaranteed minimum pensions from occupational pension schemes

    2. 13.Modifications of Part III of the 1993 Act on transfers from policies of insurance or annuity contracts

  6. Part V Revocations and Transitional Provisions

    1. 14.Revocations and transitional provisions

  7. Signature

    1. SCHEDULE 1

      Further Conditions for Transfers of Guaranteed Minimum Pensions

      1. Part I Further Conditions for Transfer to a Salary Related Contracted-out Scheme of Accrued Rights to Guaranteed Minimum Pensions where Employee is not in Employment which is Contracted-out by Reference to the Receiving Scheme

        1. 1.Subject to paragraphs 2 to 4, the receiving scheme must...

        2. 2.Subject to paragraphs 3 and 4, the arrangements for the...

        3. 3.If the weekly equivalent derived from the earnings factors which...

        4. 4.If the weekly equivalent derived from the earnings factors which...

      2. Part II Further Conditions for Transfer from an Appropriate Policy to a Salary Related Contracted-out Scheme of Accrued Rights to Guaranteed Minimum Pensions where Employee does not enter Employment which is Contracted-out by Reference to the Receiving Scheme

        1. 5.The receiving scheme must provide for pensions to be paid...

      3. Part III Further Conditions for Transfer of Liability for the Payment of a Guaranteed Minimum Pension to, or in respect of, a Person who has become entitled to it

        1. 6.The date of commencement of the pension the liability for...

    2. SCHEDULE 2

      Modifications of Part III of the 1993 Act

      1. 1.The definition of “guaranteed minimum pension” in section 4(2) shall...

      2. 2.Section 10(1) shall have effect as if the reference to...

      3. 3.Section 16(6) shall have effect as if after “sections 9...

      4. 4.Section 42 shall have effect as if the reference in...

      5. 5.Section 155 shall have effect as if subsections (1)(b) and...

      6. 6.The definition of “guaranteed minimum pension” in section 4(2) shall...

      7. 7.Section 16(6) shall have effect as if after “sections 9...

    3. SCHEDULE 3

      Revocations

    4. SCHEDULE 4

      Transitional Provisions

  9. Explanatory Note

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