Paragraph 2 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 4B para. 1(1) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(a)
Sch. 4B para. 1(1)(a) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(b)
Sch. 4B para. 1(1)(b) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(b)
Sch. 4B para. 1(2) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(b)
Sch. 4B para. 11 words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(3)

This Part applies to a relevant year if F2—

(a)

the contracted-out condition is not satisfied in respect of any tax week in the year; F3and

(b)

there is a surplus in the pensioner's earnings factor for the year.

Annotations

F1: Sch. 4B inserted (11.2.2008) by Pensions Act (Northern Ireland) 2008 (c. 1), Sch. 2 para. 1
F2: Sch. 4B para. 2(a) formed from Sch. 4B para. 2 (3.1.2012) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(1), Sch. 3 para. 12(2)(a) (with s. 73); S.R. 2011/441, art. 2(c)(xii)
F3: Sch. 4B para. 2(b) and preceding word inserted (3.1.2012) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(1), Sch. 3 para. 12(2)(b) (with s. 73); S.R. 2011/441, art. 2(c)(xii)