Paragraph 1 Contributions by employersI1

England, Wales and Scotland

Different rates of contributions by an employer to a personal pension scheme according to the age of the workers in respect of whom the contributions are made where the aim in setting the different rates is—

(a)

to equalise the amount of age related benefit, derived from contributions made each year by the employer, to which workers of different ages who are otherwise in a comparable situation will become entitled under their personal pension schemes, or

(b)

to make more nearly equal the amount of the age related benefit, derived from contributions made each year by the employer, to which workers of different ages who are otherwise in a comparable situation will become entitled under their personal pension schemes.

Annotations

Commencement

I1: Sch. 2 para. 1 in force at 1.10.2010, see art. 1