Article 134 State scheme contributions and rebates

Northern Ireland

(1)

In section 36 of the Pension Schemes Act (scope of Chapter II of Part III), in paragraph (b), after “members of” insert “money purchase contracted-out schemes and members of”.

Para.(2) rep. by 1998 NI 10

F1(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

In Schedule 3 to that Act (priority in bankruptcy, etc), in paragraph 2(3)—

(a)

in paragraph (a), for “4.8 per cent.” substitute “the percentage for non-contributing earners”,

(b)

in paragraph (b), for “3 per cent.” substitute “the percentage for contributing earners”.

(6)

In paragraph 2(5) of that Schedule—

F3(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

after that definition insert—

““the percentage for contributing earners”
(a)
in relation to a salary related contracted-out scheme, 3 per cent, and
(b)
in relation to a money purchase contracted-out scheme, the percentage which is the appropriate flat-rate percentage for secondary Class 1 contributions,
“the percentage for non-contributing earners” means—
(a)
in relation to a salary related contracted-out scheme, 4.8 per cent, and
(b)
in relation to a money purchase contracted-out scheme, a percentage equal to the sum of the appropriate flat-rate percentages for primary and secondary Class 1 contributions;” .

Annotations

Textual amendments

F1: Art. 134(3) repealed (6.4.2016) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 13 para. 64
F2: Art. 134(4) repealed (6.4.2016) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 13 para. 64
F3: Art. 134(6) repealed (7.6.2012 for art. 134(6)(a) and otherwise prosp.) by Pensions Act (Northern Ireland) 2008 (c. 1), s. 21(1), Sch. 6 Pt. 7; S.R. 2012/234, art. 2(1)(b)(ii)

Notes on the whole Order

Textual amendments

F1: functions transf. by SR 1999/481
F2: functions transf. by 2005 NI 1