Paragraph 60 I1

England, Wales and Scotland

(1)

Paragraph 2 of Schedule 4 (priority in bankruptcy etc.: employer's contributions to occupational pension scheme) is amended as follows.

(2)

Omit sub-paragraphs (2) and (3) (sums owed on account of employer's minimum payments to a money purchase contracted-out scheme).

(3)

In sub-paragraph (3A) (definition of “the appropriate amount”)—

(a)

in the opening words, omit “or (3)”;

(b)

in paragraph (a), omit “or (2) (as the case may be)”.

(4)

In sub-paragraph (5) (interpretation)—

(a)

omit the definition of “appropriate flat-rate percentage”;

F1(b)

in the definition of “the percentage for contributing earners”—

(i)

omit the words “(a) in relation to a salary related contracted-out scheme,”;

(ii)

omit paragraph (b) and the preceding “and”;

(c)

in the definition of “the percentage for non-contributing earners”—

(i)

omit the words “(a) in relation to a salary related contracted-out scheme,”;

(ii)

omit paragraph (b) and the preceding “and”.

Annotations

F1: Sch. 4 para. 60(4)(b)(c) substituted (3.1.2012) by Pensions Act 2011 (c. 19), ss. 27, 38(3)(c)

I1: Sch. 4 para. 60 wholly in force at 6.4.2012; Sch. 4 para. 60 not in force at Royal Assent see s. 30(2)(b); Sch. 4 para. 60 fully in force at 6.4.2012 by S.I. 2011/1267, art. 2(b) (as amended by S.I. 2012/911, art. 2(a)(iv))