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Finance Act 2016

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

20 Pensions bridging between retirement and state pension

(1) In Part 1 of Schedule 28 to FA 2004 (registered pension schemes: the pension rules), paragraph 2 (meaning of “scheme pension”) is amended in accordance with subsections (2) to (4). (2) In sub-paragraph (4) (which specifies circumstances in which amount of scheme pension may go down and gives power to specify additional circumstances) omit paragraph (c) (reduction by reference to state retirement pensions for persons reaching pensionable age before 6 April 2016). (3) Omit sub-paragraphs (4B), (5) and (5A) (interpretation of sub-paragraph (4)(c)). (4) In sub-paragraph (8) (regulations under certain sub-paragraphs may make back-dated provision) omit “or (5)”. (5) In consequence of the amendments made by subsections (2) and (3)— (a) in FA 2006, in Schedule 23 omit paragraph 20(2) and (3), and (b) in FA 2013, omit section 51(2). (6) Regulations under paragraph 2(4)(h) of Schedule 28 to FA 2004 (power to prescribe permitted reductions of scheme pensions, and to do so with back-dated effect) may provide for the coming into force of the amendments made by subsections (2) to (5), and— (a) those amendments have effect in accordance with regulations under paragraph 2(4)(h) of that Schedule, and (b) paragraph 2(8) of that Schedule (back-dating) applies for the purposes of regulations bringing the amendments into force only so as to permit the amendments to be given effect in relation to times not earlier than 6 April 2016.

Your change, as a redline

20 Pensions bridging between retirement and state pension

(1) In Part 1 of Schedule 28 to FA 2004 (registered pension schemes: the pension rules), paragraph 2 (meaning of “scheme pension”) is amended in accordance with subsections (2) to (4). (2) In sub-paragraph (4) (which specifies circumstances in which amount of scheme pension may go down and gives power to specify additional circumstances) omit paragraph (c) (reduction by reference to state retirement pensions for persons reaching pensionable age before 6 April 2016). (3) Omit sub-paragraphs (4B), (5) and (5A) (interpretation of sub-paragraph (4)(c)). (4) In sub-paragraph (8) (regulations under certain sub-paragraphs may make back-dated provision) omit “or (5)”. (5) In consequence of the amendments made by subsections (2) and (3)— (a) in FA 2006, in Schedule 23 omit paragraph 20(2) and (3), and (b) in FA 2013, omit section 51(2). (6) Regulations under paragraph 2(4)(h) of Schedule 28 to FA 2004 (power to prescribe permitted reductions of scheme pensions, and to do so with back-dated effect) may provide for the coming into force of the amendments made by subsections (2) to (5), and— (a) those amendments have effect in accordance with regulations under paragraph 2(4)(h) of that Schedule, and (b) paragraph 2(8) of that Schedule (back-dating) applies for the purposes of regulations bringing the amendments into force only so as to permit the amendments to be given effect in relation to times not earlier than 6 April 2016.

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