The Social Security (Deferral of Retirement Pensions, Shared Additional Pension and Graduated Retirement Benefit) (Miscellaneous Provisions) Regulations 2005

Contents

Part 1 · General

1Citation, commencement and interpretation#

(1)These Regulations may be cited as the Social Security (Deferral of Retirement Pensions, Shared Additional Pension and Graduated Retirement Benefit) (Miscellaneous Provisions) Regulations 2005 and shall come into force on 6^th April 2006.

(2)In these Regulations—

• “the Claims and Payments Regulations” means the Social Security (Claims and Payments) Regulations 1987 ^note;• “the Housing Benefit Regulations” means the Housing Benefit (General) Regulations 1987 ^note.

Part 2 · Deferral of retirement pensions and shared additional pension

2Interpretation#

(1)In this Part—

(2)In this Part, references to Schedules 5 and 5A are to those Schedules to the Social Security Contributions and Benefits Act 1992.

• “elector” means the person who may make an election under paragraph A1(1) or 3C(2) of Schedule 5 or paragraph 1(1) of Schedule 5A;• “retirement pension” means a Category A or a Category B retirement pension.

3Timing of election#

(1)The period for making an election under—

(a)paragraph A1(1) of Schedule 5 (choice between increase of pension and lump sum where pensioner's entitlement is deferred); and

(b)paragraph 1(1) of Schedule 5A (choice between pension increase and lump sum where entitlement to shared additional pension is deferred),

is, subject to paragraph (4), three months starting on the date shown on the notice issued by the Secretary of State following the claim for retirement pension or shared additional pension, confirming that the elector is required to make that election.

(2)The period for making an election under paragraph 3C(2) of Schedule 5 (choice between increase of pension and lump sum where pensioner's deceased spouse or civil partner has deferred entitlement) is, subject to paragraph (4), three months starting on the date shown on the notice issued by the Secretary of State following W's claim for retirement pension or, if later, the date of S's death, confirming that the elector is required to make that election ^note.

(3)Where more than one notice has been issued by the Secretary of State in accordance with paragraph (1) or (2), the periods prescribed in those paragraphs shall only commence from the date shown on the latest such notice.

(4)The periods specified in paragraphs (1) and (2) may be extended by the Secretary of State if he considers it reasonable to do so in any particular case.

(5)Nothing in this regulation shall prevent the making of an election on or after claiming retirement pension or, as the case may be, shared additional pension but before the issue of the notice referred to in paragraph (1) or (2).

4Manner of making election#

An election under paragraph A1(1) or 3C(2) of Schedule 5 or under paragraph 1(1) of Schedule 5A may be made—

(a)in writing to an office specified by the Secretary of State for accepting such elections; or

(b)except where the Secretary of State directs in any particular case that the election must be made in accordance with paragraph (a), by telephone call to the telephone number specified by the Secretary of State.

5Change of election#

(1)Subject to paragraphs (2) and (6), this regulation applies in the case of an election which—

(a)has been made under paragraph A1(1) or 3C(2) of Schedule 5 or under paragraph 1(1) of Schedule 5A; or

(b)has been treated as made under paragraph A1(2) or 3C(3) of Schedule 5 or under paragraph 1(2) of Schedule 5A.

(2)This regulation does not apply in the case of an election which is—

(a)made, or treated as made, by an elector who has subsequently died; or

(b)treated as having been made by virtue of regulation 30(5E) or (5G) of the Claims and Payments Regulations ^note.

(3)An election specified in paragraph (1) may be changed by way of application made no later than the last day of the period specified in paragraph (4).

(4)The period specified for the purposes of paragraph (3) is, subject to paragraph (5), three months starting on the date shown on the written notification issued by the Secretary of State to the elector, confirming the election which the elector has made or is treated as having made.

(5)The period specified in paragraph (4) may be extended by the Secretary of State if he considers it reasonable to do so in any particular case.

(6)An election specified in paragraph (1) may not be changed where—

(a)there has been a previous change of election under this regulation in respect of the same period of deferment;

(b)the application is to change the election to one under paragraph A1(1)(a) or 3C(2)(a) of Schedule 5 or paragraph 1(1)(a) of Schedule 5A and any amount paid to him by way of, or on account of, a lump sum pursuant to Schedule 5 or 5A, has not been repaid in full to the Secretary of State within the period specified in paragraph (4) or, as the case may be, (5); or

(c)the application is to change the election to one under paragraph A1(1)(b) or 3C(2)(b) of Schedule 5 or paragraph 1(1)(b) of Schedule 5A and the amount actually paid by way of an increase of retirement pension or shared additional pension, or actually paid on account of such an increase, would exceed the amount to which the elector would be entitled by way of a lump sum.

(7)For the purposes of paragraph (6)(b), repayment in full of the amount paid by way of, or on account of, a lump sum shall only be treated as having occurred if repaid to the Secretary of State in the currency in which that amount was originally paid.

(8)Where the application is to change the election to one under paragraph A1(1)(b) or 3C(2)(b) of Schedule 5 or paragraph 1(1)(b) of Schedule 5A and paragraph (6)(c) does not apply, any amount paid by way of an increase of retirement pension or shared additional pension, or on account of such an increase, in respect of the period of deferment for which the election was originally made, shall be treated as having been paid on account of the lump sum to which the elector is entitled under paragraph 3A or 7A of Schedule 5 or, as the case may be, paragraph 4 of Schedule 5A.

(9)An application under paragraph (3) to change an election may be made—

(a)in writing to an office specified by the Secretary of State for accepting such applications; or

(b)except where the Secretary of State directs in any particular case that the application must be made in accordance with sub-paragraph (a), by telephone call to the telephone number specified by the Secretary of State.

6Amendment of the Social Security (Retirement Pensions etc.) (Transitional Provisions) Regulations 2005#

Regulation 2(6)(a) of the Social Security (Retirement Pensions etc.) (Transitional Provisions) Regulations 2005 ^note (modification of Schedule 5) is omitted.

Part 3 · Deferral of graduated retirement benefit

7Amendment of the Social Security (Graduated Retirement Benefit) Regulations 2005#

(1)The Social Security (Graduated Retirement Benefit) Regulations 2005 ^note shall be amended in accordance with the following paragraphs.

(2)In Schedule 1 (increases of graduated retirement benefit and lump sums)—

(a)in paragraph 2(1), omit “, on claiming his pension either”;

(b)in paragraph 12—

(i)for sub-paragraph (2) substitute—“2 The election referred to in sub-paragraph (1) shall be made—a on the date on which he claims graduated retirement benefit; orb within the period after claiming graduated retirement benefit prescribed in paragraph 20B,and in the manner prescribed in paragraph 20C.”

(ii)in sub-paragraph (4), for “and within the time specified in regulations made under paragraph A1(4) of Schedule 5” substitute “ , manner and within the period prescribed, in paragraph 20D ”;

(c)in paragraph 17—

(i)for sub-paragraph (3), substitute—“3 The election referred to in sub-paragraph (2) shall be made within the period prescribed in paragraph 20B and in the manner prescribed in paragraph 20C.”

(ii)in sub-paragraph (4), for “(3)(b)” substitute “ (3) ”;

(iii)for sub-paragraph (5) substitute—“5 A person who has made an election under sub-paragraph (2) (including one that the person is treated by sub-paragraph (4) as having made) may change the election in the circumstances, manner and within the period prescribed in paragraph 20D.”

(d)after paragraph 20, insert—“20A 1 This Part applies in respect of elections which a person makes or is treated as having made under Part 2.2 In this Part, “elector” means the person who may make an election under paragraph 12(1) or 17(2).20B 1 The period for making an election under paragraph 12(1) is, subject to sub-paragraph (4), three months starting on the date shown on the notice issued by the Secretary of State following the claim for graduated retirement benefit, confirming that the elector is required to make that election.2 The period for making an election under paragraph 17(2) is, subject to sub-paragraph (4), three months starting on the date shown on the notice issued by the Secretary of State following W's claim for a Category A or Category B retirement pension or, if later, the date of S's death, confirming that the elector is required to make that election ^note.3 Where more than one notice has been issued by the Secretary of State in accordance with sub-paragraph (1) or (2), the periods prescribed in those sub-paragraphs shall only commence from the date shown on the latest such notice.4 The periods specified in sub-paragraphs (1) and (2) may be extended by the Secretary of State if he considers it reasonable to do so in any particular case.5 Nothing in this paragraph shall prevent the making of an election on or after claiming graduated retirement benefit or, as the case may be, Category A or Category B retirement pension, but before the issue of the notice referred to in sub-paragraph (1) or (2).20C An election under paragraph 12(1) or 17(2) may be made—a in writing to an office specified by the Secretary of State for accepting such elections; orb except where the Secretary of State directs in any particular case that the election must be made in accordance with sub-paragraph (a), by telephone call to the telephone number specified by the Secretary of State.20D 1 Subject to sub-paragraphs (2) and (6), this paragraph applies in the case of an election which—a has been made under paragraph 12(1) or 17(2); orb has been treated as made under paragraph 12(3) or 17(4).2 This paragraph does not apply in the case of an election which is—a made, or treated as made, by an elector who has subsequently died; orb treated as having been made by virtue of regulation 30(5D) or (5F) of the Social Security (Claims and Payments) Regulations 1987.3 An election specified in sub-paragraph (1) may be changed by way of application made no later than the last day of the period specified in sub-paragraph (4).4 The period specified for the purposes of sub-paragraph (3) is, subject to sub-paragraph (5), three months after the date shown on the written notification issued by the Secretary of State to the elector, confirming the election which the elector has made or is treated as having made.5 The period specified in sub-paragraph (4) may be extended by the Secretary of State if he considers it reasonable to do so in any particular case.6 An election specified in sub-paragraph (1) may not be changed where—a there has been a previous change of election under this paragraph in respect of the same period of deferment;b the application is to change the election to one under paragraph 12(1)(a) or 17(2)(a) and any amount paid to him by way of, or on account of, a lump sum pursuant to paragraph 15 or 19, has not been repaid in full to the Secretary of State within the period specified in sub-paragraph (4) or, as the case may be, (5); orc the application is to change the election to one under paragraph 12(1)(b) or 17(2)(b) and the amount actually paid by way of an increase of graduated retirement benefit, or actually paid on account of such an increase, would exceed the amount to which the elector would be entitled by way of a lump sum.7 For the purposes of sub-paragraph (6)(b), repayment in full of the amount paid by way of, or on account of, a lump sum shall only be treated as having occurred if repaid to the Secretary of State in the currency in which that amount was originally paid.8 Where the application is to change the election to one under paragraph 12(1)(b) or 17(2)(b) and sub-paragraph (6)(c) does not apply, any amount paid by way of an increase of graduated retirement benefit, or on account of such an increase, in respect of the period of deferment for which the election was originally made, shall be treated as having been paid on account of the lump sum to which the elector is entitled under paragraph 15 or 19.9 An application under sub-paragraph (3) to change an election may be made—a in writing to an office specified by the Secretary of State for accepting such applications; orb except where the Secretary of State directs in any particular case that the application must be made in accordance with paragraph (a), by telephone call to the telephone number specified by the Secretary of State.”

(3)In Schedule 2 (modification of Schedule 1), omit paragraphs 5 and 10.

Part 4 · Payments

8Amendment of the Claims and Payments Regulations#

In the Claims and Payments Regulations, after regulation 21 insert—“21A 1 This regulation applies where—a a person (“P”) is entitled to a lump sum under, as the case may be—i Schedule 5 to the Contributions and Benefits Act ^note (pension increase or lump sum where entitlement to retirement pension is deferred);ii Schedule 5A to that Act ^note (pension increase or lump sum where entitlement to shared additional pension is deferred); oriii Schedule 1 to the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note (further provisions replacing section 36(4) of the National Insurance Act 1965: increases of graduated retirement benefit and lump sums);orb the Secretary of State decides to make a payment on account of such a lump sum.2 Subject to paragraph (3), for the purposes of section 7 of the Finance (No. 2) Act 2005 ^note (charge to income tax of lump sum), P may elect to be paid the lump sum in the tax year (“the later year of assessment”) next following the tax year which would otherwise be the applicable year of assessment by virtue of section 8 of that Act (meaning of “applicable year of assessment” in section 7) ^note.3 P may not elect in accordance with paragraph (2) (“a tax election”) unless he elects on the same day as he chooses a lump sum in accordance with, as the case may be—a paragraph A1 or 3C of Schedule 5 to the Contributions and Benefits Act ^note;b paragraph 1 of Schedule 5A to that Act;c paragraph 12 or 17 of Schedule 1 to the Social Security (Graduated Retirement Benefit) Regulations 2005,or within a month of that day.4 A tax election may be made in writing to an office specified by the Secretary of State for accepting such elections or, except where in any particular case the Secretary of State directs that the election must be made in writing, it may be made by telephone call to the number specified by the Secretary of State.5 If P makes a tax election, payment of the lump sum, or any payment on account of the lump sum, shall be made in the first month of the later year of assessment or as soon as reasonably practicable after that month, unless P revokes the tax election before the payment is made.6 If P makes no tax election in accordance with paragraphs (2) and (3), or revokes a tax election, payment of the lump sum or any payment on account of the lump sum shall be made as soon as reasonably practicable after P—a elected for a lump sum, or was treated as having so elected; orb revoked a tax election.7 If P dies before the beginning of the later year of assessment—a any tax election in respect of P's lump sum shall cease to have effect; andb no person appointed under regulation 30 to act on P's behalf may make a tax election.8 In this regulation “the later year of assessment” has the meaning given by section 8(5) of the Finance (No. 2) Act 2005.”

Part 5 · Decisions

9Amendment of the Social Security and Child Support (Decisions and Appeals) Regulations 1999#

(1)The Social Security and Child Support (Decisions and Appeals) Regulations 1999 shall be amended in accordance with the following paragraphs.

(2)In regulation 1(3) (interpretation)—

(a)after the definition of “financially qualified panel member” insert—““the Graduated Retirement Benefit Regulations” means the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note;”

(b)after the definition of “date of notification” insert—““the Deferral of Retirement Pensions etc. Regulations” means the Social Security (Deferral of Retirement Pensions, Shared Additional Pension and Graduated Retirement Benefit) (Miscellaneous Provisions) Regulations 2005 ^note;”

(3)In regulation 3 (revision of decisions), after paragraph (7C) ^note insert—“7D Where—a a person elects for an increase of—i a Category A or Category B retirement pension in accordance with paragraph A1 or 3C of Schedule 5 to the Contributions and Benefits Act ^note (pension increase or lump sum where entitlement to retirement pension is deferred);ii a shared additional pension in accordance with paragraph 1 of Schedule 5A to that Act ^note (pension increase or lump sum where entitlement to shared additional pension is deferred); or, as the case may be,iii graduated retirement benefit in accordance with paragraph 12 or 17 of Schedule 1 to the Graduated Retirement Benefit Regulations (further provisions replacing section 36(4) of the National Insurance Act 1965: increases of graduated retirement benefit and lump sums);b the Secretary of State decides that the person or his partner is entitled to state pension credit and takes into account the increase of pension or benefit in making or superseding that decision; andc the person's election for an increase is subsequently changed in favour of a lump sum in accordance with regulation 5 of the Deferral of Retirement Pensions etc. Regulations or, as the case may be, paragraph 20D of Schedule 1 to the Graduated Retirement Benefit Regulations ^note,the Secretary of State may revise the state pension credit decision.7E Where—a a person is awarded a Category A or Category B retirement pension, shared additional pension or, as the case may be, graduated retirement benefit;b an election is made, or treated as made, in respect of the award in accordance with paragraph A1 or 3C of Schedule 5 or paragraph 1 of Schedule 5A to the Contributions and Benefits Act or, as the case may be, in accordance with paragraph 12 or 17 of Schedule 1 to the Graduated Retirement Benefit Regulations; andc the election is subsequently changed in accordance with regulation 5 of the Deferral of Retirement Pensions etc. Regulations or, as the case may be, paragraph 20D of Schedule 1 to the Graduated Retirement Benefit Regulations,the Secretary of State may revise the award.”

(4)In regulation 6 (supersession of decisions), after paragraph (2)(n) ^note insert—“o is a decision that a person is entitled to state pension credit and—i the person or his partner makes, or is treated as having made, an election for a lump sum in accordance with—aa paragraph A1 or 3C of Schedule 5 to the Contributions and Benefits Act ^note;bb paragraph 1 of Schedule 5A to that Act ^note; or, as the case may be,cc paragraph 12 or 17 of Schedule 1 to the Graduated Retirement Benefit Regulations;orii such a lump sum is repaid in consequence of an application to change an election for a lump sum in accordance with regulation 5 of the Deferral of Retirement Pensions etc. Regulations or, as the case may be, paragraph 20D of Schedule 1 to the Graduated Retirement Benefit Regulations.”

(5)In regulation 7 (date from which a decision superseded under section 10 takes effect), after paragraph (7) insert—“7A Where a decision is superseded in accordance with regulation 6(2)(o), the superseding decision shall take effect from the day on which a lump sum, or a payment on account of a lump sum, is paid or repaid if that day is the first day of the benefit week but, if it is not, from the next following such day.”

(6)After regulation 13 insert—“13A 1 This regulation applies where—a a person claims a Category A or Category B retirement pension, shared additional pension or, as the case may be, graduated retirement benefit;b an election is required by, as the case may be—i paragraph A1 or 3C of Schedule 5 to the Contributions and Benefits Act (pension increase or lump sum where entitlement to retirement pension is deferred);ii paragraph 1 of Schedule 5A to that Act (pension increase or lump sum where entitlement to shared additional pension is deferred); or, as the case may be,iii paragraph 12 or 17 of Schedule 1 to the Graduated Retirement Benefit Regulations (further provisions replacing section 36(4) of the National Insurance Act 1965: increases of graduated retirement benefit and lump sums); andc no election is made when the claim is made.2 In the circumstances specified in paragraph (1) the Secretary of State may decide the claim before any election is made, or is treated as made, for an increase or lump sum.3 When an election is made, or is treated as made, the Secretary of State shall revise the decision which he made in pursuance of paragraph (2).”

10Amendment of the Housing Benefit and Council Tax Benefit (Decisions and Appeals) Regulations 2001#

(1)The Housing Benefit and Council Tax Benefit (Decisions and Appeals) Regulations 2001 ^note shall be amended in accordance with the following paragraphs.

(2)In regulation 4 (revision of decisions), after paragraph (7C) ^note insert—“7D Where—a a person elects for an increase of—i a Category A or Category B retirement pension in accordance with paragraph A1 or 3C of Schedule 5 to the Contributions and Benefits Act ^note (pension increase or lump sum where entitlement to retirement pension is deferred);ii a shared additional pension in accordance with paragraph 1 of Schedule 5A to that Act ^note (pension increase or lump sum where entitlement to shared additional pension is deferred); or, as the case may be,iii graduated retirement benefit in accordance with paragraph 12 or 17 of Schedule 1 to the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note (further provisions replacing section 36(4) of the National Insurance Act 1965: increases of graduated retirement benefit and lump sums);b the relevant authority decides that the person or his partner is entitled to housing benefit or council tax benefit and takes into account the increase of pension or benefit in making or superseding that decision; andc the person's election for an increase is changed so that he is entitled to a lump sum,the relevant authority may revise the housing benefit or council tax benefit decision.”

(3)In regulation 7 (decisions superseding earlier decisions), after paragraph (2)(i) ^note insert—“j where—i the claimant or his partner makes, or is treated as having made, an election for a lump sum in accordance with—aa paragraph A1 or 3C of Schedule 5 to the Contributions and Benefits Act;bb paragraph 1 of Schedule 5A to that Act; or, as the case may be,cc paragraph 12 or 17 of Schedule 1 to the Social Security (Graduated Retirement Benefit) Regulations 2005;orii such a lump sum is repaid in consequence of an application to change an election for a lump sum in accordance with regulation 5 of the Social Security (Deferral of Retirement Pensions, Shared Additional Pension and Graduated Retirement Benefit) (Miscellaneous Provisions) Regulations 2005 ^note or, as the case may be, paragraph 20D of Schedule 1 to the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note.”

(4)In regulation 8 (date from which decision superseding an earlier decision takes effect), after paragraph (14) ^note insert—“14A Where a decision is superseded in accordance with regulation 7(2)(j), the superseding decision shall take effect from the day on which a lump sum, or a payment on account of a lump sum, is paid or repaid if that day is the first day of the benefit week but, if it is not, from the next following such day.”

Part 6 · Amendment of benefit regulations

11Amendment of the Housing Benefit Regulations#

(1)The Housing Benefit Regulations ^note as modified in their application to persons to whom regulation 2(1) of the Housing Benefit and Council Tax Benefit (State Pension Credit) Regulations 2003 ^note applies shall be amended in accordance with the following paragraphs.

(2)In regulation 2(1) (interpretation), after the definition of “gateway office” insert—““the Graduated Retirement Benefit Regulations” means the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note;”

(3)In regulation 36 (notional income)—

(a)at the beginning of paragraph (6) insert “ Subject to paragraph (6A), ”;

(b)after paragraph (6) insert—“6A Paragraph (6) shall not apply in respect of the amount of an increase of pension or benefit where a person, having made an election in favour of that increase of pension or benefit under Schedule 5 or 5A to the Contributions and Benefits Act ^note or under Schedule 1 to the Graduated Retirement Benefit Regulations, changes that election in accordance with regulations made under Schedule 5 or 5A to that Act in favour of a lump sum.6B In paragraph (6A), “lump sum” means a lump sum under Schedule 5 or 5A to the Contributions and Benefits Act or under Schedule 1 to the Graduated Retirement Benefit Regulations.”

(4)In Schedule 5ZA, in Part I (capital to be disregarded), after paragraph 25A ^note insert—“25B Where a person elects to be entitled to a lump sum under Schedule 5 or 5A to the Contributions and Benefits Act or under Schedule 1 to the Graduated Retirement Benefit Regulations, or is treated as having made such an election, and a payment has been made pursuant to that election, an amount equal to—a except where sub-paragraph (b) applies, the amount of any payment or payments made on account of that lump sum;b the amount of that lump sum,but only for so long as that person does not change that election in favour of an increase of pension or benefit.”

12Amendment of the Council Tax Benefit (General) Regulations 1992#

(1)The Council Tax Benefit (General) Regulations 1992 ^note as modified in their application to persons to whom regulation 12(1) of the Housing Benefit and Council Tax Benefit (State Pension Credit) Regulations 2003 applies shall be amended in accordance with the following paragraphs.

(2)In regulation 2(1) (interpretation), after the definition of “gateway office”, insert—““the Graduated Retirement Benefit Regulations” means the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note;”

(3)In regulation 28 (notional income)—

(a)at the beginning of paragraph (6) insert “ Subject to paragraph (6A), ”;

(b)after paragraph (6) insert—“6A Paragraph (6) shall not apply in respect of the amount of an increase of pension or benefit where a person, having made an election in favour of that increase of pension or benefit under Schedule 5 or 5A to the Contributions and Benefits Act 1992 ^note or under Schedule 1 to the Graduated Retirement Benefit Regulations, changes that election in accordance with regulations made under Schedule 5 or 5A to that Act in favour of a lump sum.6B In paragraph (6A), “lump sum” means a lump sum under Schedule 5 or 5A to the Contributions and Benefits Act 1992 or under Schedule 1 to the Graduated Retirement Benefit Regulations.”

(4)In Schedule 5ZA, in Part I (capital to be disregarded), after paragraph 25A insert—“25B Where a person elects to be entitled to a lump sum under Schedule 5 or 5A to the Contributions and Benefits Act 1992 or under Schedule 1 to the Graduated Retirement Benefit Regulations, or is treated as having made such an election, and a payment has been made pursuant to that election, an amount equal to—a except where sub-paragraph (b) applies, the amount of any payment or payments made on account of that lump sum;b the amount of that lump sum,but only for so long as that person does not change that election in favour of an increase of pension or benefit.”

13Amendment of the State Pension Credit Regulations 2002#

(1)The State Pension Credit Regulations 2002 shall be amended in accordance with the following paragraphs.

(2)In regulation 1(2) (interpretation), after the definition of “full-time student” insert—““the Graduated Retirement Benefit Regulations” means the Social Security (Graduated Retirement Benefit) Regulations 2005 ^note;”

(3)In regulation 18 (notional income)—

(a)at the beginning of paragraph (6) insert “ Subject to paragraph (7), ”;

(b)after paragraph (6) add—“7 Paragraph (6) shall not apply in respect of the amount of an increase of pension or benefit where a person, having made an election in favour of that increase of pension or benefit under Schedule 5 or 5A to the 1992 Act ^note or under Schedule 1 to the Graduated Retirement Benefit Regulations, changes that election in accordance with regulations made under Schedule 5 or 5A to that Act in favour of a lump sum.8 In paragraph (7), “lump sum” means a lump sum under Schedule 5 or 5A to the 1992 Act or under Schedule 1 to the Graduated Retirement Benefit Regulations.”

(4)In Schedule V, in Part I (capital disregarded for the purpose of calculating income), after paragraph 23 insert—“23A Where a person elects to be entitled to a lump sum under Schedule 5 or 5A to the 1992 Act or under Schedule 1 to the Graduated Retirement Benefit Regulations, or is treated as having made such an election, and a payment has been made pursuant to that election, an amount equal to—a except where sub-paragraph (b) applies, the amount of any payment or payments made on account of that lump sum;b the amount of that lump sum,but only for so long as that person does not change that election in favour of an increase of pension or benefit.”

Contains public sector information licensed under the Open Government Licence v3.0.

Defined terms · 6

Show every defined term

elector
means the person who may make an election under paragraph 12(1) or 17(2). 20B 1 The period for making an election under paragraph 12(1) is, subject to sub-paragraph (4), three months starting on the date shown on the notice issued by the Secretary of State following the claim for graduated retirement benefit, confirming that the elector is required to make that election. 2 The period for making an election under paragraph 17(2) is, subject to sub-paragraph (4), three months starting on the date shown on the notice issued by the Secretary of State following W's claim for a Category A or Category B retirement pension or, if later, the date of S's death, confirming that the elector is required to make that election. 3 Where more than one notice has been issued by the Secretary of State in accordance with sub-paragraph (1) or (2), the periods prescribed in those sub-paragraphs shall only commence from the date shown on the latest such notice. 4 The periods specified in sub-paragraphs (1) and (2) may be extended by the Secretary of State if he considers it reasonable to do so in any particular case. 5 Nothing in this paragraph shall prevent the making of an election on or afte
lump sum
means a lump sum under Schedule 5 or 5A to the Contributions and Benefits Act 1992 or under Schedule 1 to the Graduated Retirement Benefit Regulations.”
retirement pension
means a Category A or a Category B retirement pension.
the Claims and Payments Regulations
means the Social Security (Claims and Payments) Regulations 1987;
the Housing Benefit Regulations
means the Housing Benefit (General) Regulations 1987.
the later year of assessment
has the meaning given by section 8(5) of the Finance (No. 2) Act 2005.”

1Citation, commencement and interpretation#

2Interpretation#

3Timing of election#

4Manner of making election#

5Change of election#

6Amendment of the Social Security (Retirement Pensions etc.) (Transitional Provisions) Regulations 2005#

7Amendment of the Social Security (Graduated Retirement Benefit) Regulations 2005#

8Amendment of the Claims and Payments Regulations#

9Amendment of the Social Security and Child Support (Decisions and Appeals) Regulations 1999#

10Amendment of the Housing Benefit and Council Tax Benefit (Decisions and Appeals) Regulations 2001#

11Amendment of the Housing Benefit Regulations#

12Amendment of the Council Tax Benefit (General) Regulations 1992#

13Amendment of the State Pension Credit Regulations 2002#

Defined terms · 6

Connections

History · 1 version

Key facts

1Citation, commencement and interpretation#

2Interpretation#

3Timing of election#

4Manner of making election#

5Change of election#

6Amendment of the Social Security (Retirement Pensions etc.) (Transitional Provisions) Regulations 2005#

7Amendment of the Social Security (Graduated Retirement Benefit) Regulations 2005#

8Amendment of the Claims and Payments Regulations#

9Amendment of the Social Security and Child Support (Decisions and Appeals) Regulations 1999#

10Amendment of the Housing Benefit and Council Tax Benefit (Decisions and Appeals) Regulations 2001#

11Amendment of the Housing Benefit Regulations#

12Amendment of the Council Tax Benefit (General) Regulations 1992#

13Amendment of the State Pension Credit Regulations 2002#