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Section 15A Power to specify rounded figuresF1I1

(1)

The Secretary of State may by order specify rounded figures for the purposes of section 3(6B), 5(7B) or 13(2) in the case of pay reference periods of any length specified in the order.

(2)

A rounded figure so specified applies in place of the amount that would otherwise apply (“the exact amount”).

(3)

The Secretary of State must decide in relation to any particular amount whether to specify—

(a)

a figure that is a whole number of pounds, or

(b)

a figure that is divisible by 10 pence, or

(c)

a figure that includes a whole number of pennies.

(4)

It is for the Secretary of State to decide whether to round any particular amount up or down.

Accordingly, a figure specified under this section may be the figure within paragraph (a) or (b) or (c) of subsection (3) that is closest to the exact amount or the one that is next closest to it (or, if two figures are joint closest, it may be either of those).

Annotations

Textual amendments

F1

S. 15A inserted (3.11.2011 for specified purposes otherwise 6.3.2012) by Pensions Act 2011 (c. 19), ss. 9, 38(1)(4); S.I. 2012/682, art. 2(a)

Commencement

I1

S. 15A expressed to come into force so far as not already in force on 7.3.2012 by S.I. 2012/683, art. 2(2)(a)

Notes on Part 1

Modifications

C1

Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)

Notes on Qualifying earnings and earnings trigger

Textual amendments

F1

Cross-heading preceding s. 13 substituted (3.11.2011 for specified purposes otherwise 3.1.2012) by Pensions Act 2011 (c. 19), ss. 8(2), 38(1)(4); S.I. 2011/3034, art. 3(a)