OpenLegislation

Regulation D3 Earnings Cap

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where in respect of any person who became a participant in the principal scheme on or after 1st June 1989, his annual salary—

(a)

as a Member of the House of Commons; or

(b)

as an office holder; or

(c)

as both (a) and (b) cumulatively

exceeds the permitted maximum, the contributions deducted from that annual salary shall be limited to the appropriate percentage (as defined in regulations D1 and D2) of that permitted maximum and where sub-paragraph (c) applies his contributions under regulation D2 shall be reduced before his contributions under regulation D1.