Regulation 2 Amendment of the Judicial Pensions (Contributions) Regulations 2012

The Judicial Pensions (Contributions) Regulations 2012^f1 are amended as follows.

For regulation 3 (rate of contributions) substitute—

“3.

(1)

Contributions under—

(a)

section 8A of the 1960 Act;

(b)

section 33ZA of the 1981 Act, or

(c)

section 9A of the 1993 Act,

must be made as follows.

(2)

A person who, when their salary becomes due, has an annual salary of £150,000 or less must make contributions at a rate of 2.61% of their salary for the time being as it becomes due.

(3)

A person who, when their salary becomes due, has an annual salary of more than £150,000 must make contributions at a rate of—

(a)

2.61% of their salary up to and including £150,000, and

(b)

4.43% of their salary in excess of £150,000,

for the time being as it becomes due.”.