Explanatory note

This Order, which corresponds to an Order (S.I. 2015/185) made by the Secretary of State for Work and Pensions under section 148AA of the Social Security Administration Act 1992, directs that the flat rate accrual amount for the tax year beginning 6th April 2015, and subsequent tax years, shall be £93.60.

The flat rate accrual amount is a flat rate cash amount of additional pension which applies to accruals in the first earnings band under Schedule 4B to the Social Security Contributions and Benefits Act (Northern Ireland) 1992. This method of calculation of additional pension applies from the flat rate introduction year (the tax year beginning 6th April 2012).