The Pension Sharing (Implementation and Discharge of Liability) Regulations 2000 reg 17

reg 17 Adjustments to the amount of the pension credit—payments made without knowledge of the pension debit

For the purposes of paragraph 9 of Schedule 5 to the 1999 Act (adjustments to amount of pension credit), where the cash equivalent of the member’s shareable rights after deduction of the payment referred to in sub-paragraph (b) of that paragraph, is less than the amount of the pension debit, the pension credit shall be reduced to that lesser amount.