Introductory text

PENSIONS

Made 23rd March 2007

Coming into force in accordance with article 1(2)

This Order is made in exercise of the powers conferred by sections 178(1) and 315(5) of the Pensions Act 2004^f1.

In accordance with section 178(5) of that Act the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2006^f2 and it appears to him that the general level of earnings has increased by 3.8 per cent during that period^f3.

A draft of this instrument has been laid before Parliament in accordance with section 316(2)(f) of that Act and approved by a resolution of each House of Parliament.

Accordingly the Secretary of State for Work and Pensions makes the following Order:

Annotations

Footnotes

f1: 2004 c.35. See also S.I. 2006/742 which provides for the levy ceiling for the financial year beginning on 1st April 2006.
f2: See regulation 3 of S.I. 2006/2692 which provides that the review period is the period of 12 months ending with 31st July 2006.
f3: See S.I. 2006/3105.