A PUCODI is the annual increase which is paid with an individual's state pension where the individual has deferred receipt of their Guaranteed Minimum Pension and earned increments. New awards of PUCODIs were abolished by the Pensions Act 2011 as from April 2012. Where individuals contracted out of the additional state pension between 1978 and 1997 and delayed taking their contracted-out benefits, they earned increments on those benefits. The benefits are payable by the pension scheme but since the increments are not fully indexed by that pension scheme, the government added small amounts to the scheme member's underlying state additional pension.

A sum is “payable on demand” when the debtor must pay as soon as the creditor asks for payment, without any further time period needing to expire. It is commonly used in loan agreements, guarantees, promissory notes, negotiable instruments and certain banking and security documents across England and Wales, Scotland, Northern Ireland and Ireland, with broadly consistent meaning.In practice, a debt payable on demand is immediately due once properly demanded under the contract or instrument (for example, by written notice, or presentation of a demand note). No fixed repayment date is required; the creditor controls timing by choosing when to demand, subject to any express contractual notice requirements, good faith duties and statutory protections (such as consumer credit or unfair terms regimes).Case law in the UK and Ireland has considered what constitutes an effective demand and when time starts to run for limitation or prescription purposes in “on demand” debts, which can differ from contracts with a specified maturity date. Practitioners should draft demand mechanics clearly, including method and place of demand, and be alert to any regulatory or equitable constraints on enforcing “payable on demand” obligations.

‘payee’ is the person receiving the payment—eg merchants, retailers

Construction analysis: The Technology and Construction Court (TCC) determined two disputes relating to interim payment notices, finding that (i) a sub-contractor’s interim payment application could not stand as a valid ‘default’ payment notice, and (ii) a contractor’s payment notice, showing a ‘negative’ sum due to the sub-contractor, did not trigger an obligation by the sub-contractor to make payment of that sum.

‘payer’ is the person making the payment—eg retail customers

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A term used in relation to both private children proceedings and regarding statutory child support in relation to the parent with whom a child does not primarily live (also 'non-resident parent' or 'absent parent').

The party to detailed assessment proceedings who is liable to pay the costs which are the subject of the assessment.

This Checklist sets out considerations to be taken into account when making payments to summoned witnesses under CPR 34.7 and deponents under CPR 34.8, sometimes referred to as ‘conduct money’. It covers circumstances when payments must not be made, the timing and method of payments and the amounts payable. A witness served under a witness summons (CPR 34.7) or an order for a deposition (CPR 34.8) must be offered or reimbursed for certain expenses and their loss of time, which is also known as 'conduct money'. Professional conduct rules in the form of rules 2.2 and 2.3 of the SRA Code of Conduct for Solicitors, registered European lawyers (RELs) and registered foreign lawyers (RFLs) are relevant as regards the payment of witnesses. Rule

ARCHIVED: This Practice Note is archived and is no longer maintained. The Payment Accounts Directive (Directive 2014/92/EU) (PAD) is intended to enhance transparency and comparability for consumers in respect of payment accounts. In particular, the PAD: • makes it easier for consumers to compare fees charged by banks and other service providers across the EU • facilitates consumer switching of payment accounts, and • entitles all EU consumers to open a payment account that enables them to perform essential functions such as receiving their salary and paying bills The PAD has its origins in the European Commission's consultation on retail bank accounts, opened in March 2012, which assessed the need for action in the areas of transparency and comparability of fees, account switching and access to basic payment accounts. This followed a retail banking sector inquiry in 2007 which had identified these factors as obstacles to consumer choice and mobility. Member States' subsequent attempts to tackle the problems at a national level had led to a lack of uniformity across

This Practice Note is designed to assist commercial practitioners acting on behalf of merchants or their subcontractors. It introduces the Payment Card Industry Data Security Standards (PCI DSS), explains the origins of PCI DSS and the Payment Card Industry Security Standards Council (PCI SSC), the entities to which PCI DSS applies, its principles and requirements. This note considers compliance requirements and enforcement, including card scheme fines and interaction with UK privacy and data security laws and standards. Concepts examined include PIN Transaction Security (PTS), Payment Application Data Security Standard (PA-DSS), tokenisation and shared-hosting providers. It also identifies certain key contractual protections that should be sought by merchants from the service providers. It does not consider sector-specific laws, practices or PCI DSS requirements that are relevant to financial institutions, merchant acquirers, payment processors, payment networks and banks since those are only relevant to specialists working in those niche sectors. For detailed sector-specific guidance on payment services, see: • Payment services and e-money—overview, and • Payment systems—overview The card