UK Statutory Instrument SI 1996/1462 United Kingdom

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

Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Employer1

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Employer — also bound by 682 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

GENERAL

0 of 1 section shown
1 other section in this Part — procedural and definitional
s.001 Citation, commencement and interpretation
Part 2

TRANSFERS OF AND TRANSFER PAYMENTS IN RESPECT OF GUARANTEED MINIMUM PENSIONS

0 of 6 sections shown
6 other sections in this Part — procedural and definitional
s.002 General
s.003 Transfers of guaranteed minimum pensions to schemes that were salary-related contracted-out schemes
s.004 Connected employer transfers of guaranteed minimum pensions
s.005 Transfer payments in respect of guaranteed minimum pensions to occupational and personal pension schemes
s.006 Transfer payments in respect of guaranteed minimum pensions to overseas schemes
s.006 Transfers in respect of guaranteed minimum pensions in the case of a regulated apportionment arrangement or where an assessment period has commenced
Part 3

TRANSFERS OF LIABILITY IN RESPECT OF SECTION 9(2B) RIGHTS

0 of 6 sections shown
6 other sections in this Part — procedural and definitional
s.007 General
s.008 Transfer payments to schemes that were salary-related contracted-out schemes in respect of section 9(2B) rights
s.009 Connected employer transfer payments
s.010 Transfer payments to occupational and person pension schemes in respect of section 9(2B) rights
s.011 Transfer payments to overseas schemes or arrangements in respect of section 9(2B) rights
s.011 Transfers in respect of section 9(2B) rights in the case of a regulated apportionment arrangement or where an assessment period has commenced
Part 4

MODIFICATION OF PART

0 of 3 sections shown
3 other sections in this Part — procedural and definitional
s.012 Modifications of Part III of the 1993 Act on transfers of and transfer payments in respect of guaranteed minimum pensions from occupational pension schemes
s.013 Modifications of Part III of the 1993 Act on transfers from policies of insurance or annuity contracts
s.013 Modification of section 16: revaluation after transfer from another scheme
Part 5

REVOCATIONS AND TRANSITIONAL PROVISIONS

0 of 1 section shown
1 other section in this Part — procedural and definitional
s.014 Revocations and transitional provisions
Schedules

Schedules

1 of 16 shown
s.sch001 The receiving scheme must provide for pensions to be paid... Regulated
  • Ensure transferred GMP pension rights are at least equal in valueEmployer
15 other schedules
s.sch001 Subject to paragraphs 2 to 4, the receiving scheme must...
s.sch001 Subject to paragraphs 3 and 4, the arrangements for the...
s.sch001 If the weekly equivalent derived from the earnings factors which...
s.sch001 If the weekly equivalent derived from the earnings factors which...
s.sch001 (1) The date of commencement of the pension the liability...
s.sch002 Section 8(2) shall have effect as if for the definition...
s.sch002 Section 24A(1)(a) shall have effect as if after “17(1)” there...
s.sch002 Section 46 shall have effect as if the reference in...
s.sch002 Section 14(1) shall have effect as if the reference to...
s.sch002 Section 20(6) shall have effect as if after the words...
s.sch002 Section 159 shall have effect as if subsections (1)(b) and...
s.sch002 Section 8(2) shall have effect as if for the definition...
s.sch002 Section 14(1) shall have effect as if the reference to...
s.sch002 Section 20(6) shall have effect as if after the words...
s.sch002 MODIFICATIONS OF PART OF THE 1993 ACT
1 other provision
s.para.35 In a case such as is mentioned in regulation 14(3),...

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