Article 2 Appropriate age-related percentages

(1)

For the purposes of section 45 of the Pension Schemes Act 1993 and section 41 of the Pension Schemes (Northern Ireland) Act 1993^f1 (amount of minimum contributions) the appropriate age-related percentages in respect of earners—

(a)

for the tax year 2002–03 are those specified in the Table set out in Schedule 1 to this Order;

(b)

for the tax year 2003–04 are those specified in the Table set out in Schedule 2 to this Order;

(c)

for the tax year 2004–05 are those specified in the Table set out in Schedule 3 to this Order;

(d)

for the tax year 2005–06 are those specified in the Table set out in Schedule 4 to this Order;

(e)

for the tax year 2006–07 are those specified in the Table set out in Schedule 5 to this Order, by reference to their ages on the last day of the preceding tax year.

(2)

The appropriate age-related percentage in respect of an earner whose age on that day is specified in Column A of any such Table—

(a)

in the case of an earner whose earnings do not exceed LET, shall be the percentage specified in Column B;

(b)

in the case of an earner whose earnings which exceed LET but do not exceed 3LET-2QEF, shall—

(i)

in so far as those earnings do not exceed LET, be the percentage specified in Column B,

(ii)

in so far as those earnings exceed LET, be the percentage specified in Column C;

(c)

in the case of an earner whose earnings exceed 3LET-2QEF, shall—

(i)

in so far as those earnings do not exceed LET, be the percentage specified in Column B,

(ii)

in so far as those earnings exceed LET but do not exceed 3LET-2QEF, be the percentage specified in Column C,

(iii)

in so far as those earnings exceed 3LET-2QEF, be the percentage specified in Column D.

Annotations

Footnotes

f1: Section 41 was amended by Article 135(1) to (4) of the Pensions (Northern Ireland) Order 1995 and by paragraph 56 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999.