Paragraph 59 I1

Northern Ireland

I2(1)

Paragraph 2 of Schedule 3 (priority in bankruptcy, etc.: employer's contributions to occupational pension scheme) is amended as follows.

I3(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. 59(4)(b) (c) substituted (2.6.2012) by Pensions Act (Northern Ireland) 2012 (c. 3), ss. 25, 34(2)

I1: Sch. 4 para. 59 in operation at 7.6.2012 by S.R. 2012/234, art. 2(1)(a)(ii)
I2: Sch. 4 para. 59(1) in operation at 6.4.2012 for specified purposes by S.R. 2012/115, art. 2(1)(b)(iv)
I3: Sch. 4 para. 59(2) (3) in operation at 6.4.2012 by S.R. 2012/115, art. 2(1)(b)(v)