Regulation 22 Amendment of regulation 31
Regulation 31 (members' contributions: practitioners and non-GP providers)f1 is amended as follows.
In paragraph (9)—
after sub-paragraph (b), insert—
“;
(c)in respect of the scheme years 2024/25 to 2027/28, Table 3”.
after Table 2, insert—
“
Table 3 Scheme Years 2024/25 to 2027/28
Column 1 Column 2 Pensionable earnings band Contribution percentage rate Up to £13,259 5.2% £13,260 to £26,831 6.5% £26,832 to £32,691 8.3% £32,692 to £49,078 9.8% £49,079 to £62,924 10.7% £62,925 and above 12.5%. ”.
After paragraph (10), insert—
“(11)The figures in column 1 of Table 3 (except the figures £13,259 and £13,260) are to be increased at the beginning of each scheme year starting with the scheme year 2025/26 and ending with (and including) scheme year 2027/28, if there is a relevant increase in the consumer prices index for that scheme year, by the appropriate percentage for the scheme year rounded up to the nearest £1.
(12)For the purposes of paragraph (11)—
(a)there is a relevant increase in the consumer prices index for a scheme year if the consumer prices index for the month of September before that scheme year is higher than that for the previous September;
(b)the appropriate percentage for the scheme year is the same percentage as any percentage increase in the consumer prices index over the period specified by sub-paragraph (a);
(c)the “consumer prices index” means the general index of consumer prices (for all items) published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007;
(d)where there is a relevant increase after 1st April 2025, the figures to be increased on the relevant date are the figures applicable to the previous scheme year.”.
Annotations
Footnotes
- f1
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Regulation 31 was amended by S.I. 2019/418, 2022/273 (which was amended by 2022/991 and 2023/301) and 2023/576.