Pension Schemes Act 2026
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Change 1
34 Power to alter definition of “small”
(1) The Secretary of State may by regulations amend section 22(2) (definition of “small” in relation to a pension pot) so as to substitute a larger or smaller amount for the amount for the time being specified there. (2) Before making regulations under this section the Secretary of State must— (a) consult such persons as the Secretary of State considers appropriate, and (b) publish details of the proposed amendment, and the Secretary of State’s reasons for making the proposal, and consider any representations made. (3) Regulations under this section are subject to the affirmative procedure.
34 Power to alter definition of “small”
(1) The Secretary of State may by regulations amend section 22(2) (definition of “small” in relation to a pension pot) so as to substitute a larger or smaller amount for the amount for the time being specified there. (2) Before making regulations under this section the Secretary of State must— (a) consult such persons as the Secretary of State considers appropriate, and (b) publish details of the proposed amendment, and the Secretary of State’s reasons for making the proposal, and consider any representations made. (3) Regulations under this section are subject to the affirmative procedure.
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