LegalizeReform history
Pensions Commutation Act 1984
2 versions
· 1984-03-13
2004-07-22
Pensions Commutation Act 1984
Changes on 2004-07-22
@@ -4,7 +4,7 @@
##### 1
- (1) The Pensions Commutation Board constituted under section 5 of the Pensions Commutation Act 1871 (in this Act referred to as " the 1871 Act ") is hereby dissolved.
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) As from the commencement of this Act the power of the Treasury under section 4 of the 1871 Act to commute the pension of a person to whom that Act applies (or a portion of such a pension) by the payment of a capital sum shall, instead of being exercisable by the Treasury, be exercisable—
@@ -18,15 +18,15 @@
- (5) Where a Minister of the Crown or other authority is responsible for the payment of any annuity under section 8 of the 1871 Act (moneys paid by way of commutation of pension to be repaid by annuities), the liability to pay that annuity may be discharged by the payment by that Minister or authority to the National Debt Commissioners, out of money provided by Parliament, of a sum calculated in such manner as the Treasury may determine; and that section shall not apply to any annuity the liability to pay which is discharged under this subsection.
- (6) The Treasury's power to give a direction under subsection (2) above shall include power—
- (6) The Treasury’s power to give a direction under subsection (2) above shall include power—
- (a) to give such a direction in relation to a particular pension or to pensions of a particular description; and
- (b) to revoke or vary a direction previously given under that subsection.
- (7) In this section " pension " means a pension within the meaning of the 1871 Act or any allowance in relation to the commutation of which the Pensions Commutation Acts 1871 to 1882 continue to apply by virtue of any enactment.
- (7) In this section “*pension*” means a pension within the meaning of the 1871 Act or any allowance in relation to the commutation of which the Pensions Commutation Acts 1871 to 1882 continue to apply by virtue of any enactment.
- (8) In consequence of the preceding provisions of this section, sections 4(4) and 5 of the 1871 Act and, in section 6 of that Act, the words " with the consent of the Treasury " are hereby repealed.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Regulations under the Pensions Commutation Act 1871.
@@ -34,7 +34,7 @@
- (1) As from the commencement of this Act the power of the Treasury to make regulations under section 4 or 7 of the 1871 Act shall be exercisable by the Secretary of State acting with the consent of the Treasury, instead of by the Treasury.
- (2) In section 7 of the 1871 Act, the words " on payment of a prescribed fee to be " shall be omitted, but the matters as to which regulations may be made under that section shall include the payment of fees on the making or withdrawal of applications for commutation under that Act.
- (2) In section 7 of the 1871 Act, the words “*on payment of a prescribed fee to be*” shall be omitted, but the matters as to which regulations may be made under that section shall include the payment of fees on the making or withdrawal of applications for commutation under that Act.
- (3) This section shall not be taken to affect the continued operation after the commencement of this Act of any regulations made under section 4 or 7 of the 1871 Act before the commencement of this Act; and, accordingly, as from the commencement of this Act, any regulations so made shall have effect as if made in accordance with the preceding provisions of this section by the Secretary of State with the consent of the Treasury.
1984-03-13
Pensions Commutation Act 1984
original version
Text at this date