# Pensions (No. 2) Act (Northern Ireland) 2008, Section 20: Quality requirement: UK money purchase schemes

Extent: N.I.

(1) A money purchase scheme that has its main administration in the United Kingdom satisfies the quality requirement in relation to a jobholder if under the scheme—
(a) the jobholder's employer must pay contributions in respect of the jobholder;
(b) the employer's contribution, however calculated, must be equal to or more than 3% of the amount of the jobholder's qualifying earnings in the relevant pay reference period;
(c) the total amount of contributions paid by the jobholder and the employer, however calculated, must be equal to or more than 8% of the amount of the jobholder's qualifying earnings in the relevant pay reference period.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) A scheme does not fail to satisfy the quality requirement under this section merely because the trustees or managers of the scheme may on any occasion refuse to accept a contribution below an amount prescribed for the purposes of this section on the grounds that it is below that amount.

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Source: https://www.legislation.gov.uk/nia/2008/13/section/20 (the official version)
Page: https://openlegislation.uk/pensions-no-2-act-northern-ireland-2008/section-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.