Introductory text

Pensions

Made 27th March 2008

Coming into force in accordance with article 1(2)

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 178(1) and 315(2) and (5) of the Pensions Act 2004^f1.

In accordance with section 178(5) of that Act, he has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2007^f2. It appears to him that the general level of earnings has increased by 3.6 per cent during that period^f3.

A draft of this Order 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.

Annotations

Footnotes

f1: 2004 c.35. See also S.I. 2007/1012 which sets the levy ceiling for the financial year beginning on 1st April 2007.
f2: See section 178(4) of the Pensions Act 2004 and regulation 3 of S.I. 2006/2692.
f3: See S.I. 2008/217.