Paragraph 6 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 satisfied in respect of each tax week in the year; F3and

(b)

there would be a surplus in the pensioner's earnings factor for the year if section 44A of the Pensions Act did not apply in relation to any tax week falling in the year.

Annotations

Textual amendments

F1: Sch. 4B inserted (11.2.2008) by Pensions Act (Northern Ireland) 2008 (c. 1), Sch. 2 para. 1
F2: Sch. 4B para. 6(a) formed from Sch. 4B para. 6 (3.1.2012) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(1), Sch. 3 para. 12(5)(a) (with s. 73); S.R. 2011/441, art. 2(c)(xii)
F3: Sch. 4B para. 6(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(5)(b) (with s. 73); S.R. 2011/441, art. 2(c)(xii)