Article 1 Citation, commencement, interpretation and extent

“the 1993 Act” means the Pension Schemes Act 1993;

“the Northern Ireland Act” means the Pension Schemes (Northern Ireland) Act 1993;

“the low earnings threshold”, in relation to a tax year, means the low earnings threshold for that tax year as specified in—

1. (a)

   section 44A of the Social Security Contributions and Benefits Act 1992 M1 (deemed earnings factors); or

2. (b)

   in relation to Northern Ireland, section 44A(5) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 M2 (deemed earnings factors);

“qualifying earnings factor”, in relation to a tax year, has the same meaning as in—

1. (a)

   section 122(1) of the Social Security Contributions and Benefits Act 1992 (interpretation); or

2. (b)

   in relation to Northern Ireland, section 121(1) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (interpretation);

“the upper earnings threshold” means 3LET minus 2QEF, where—

1. (a)

   3LET means the amount produced by multiplying the low earnings threshold by 3; and

2. (b)

   2QEF means the amount produced by doubling the qualifying earnings factor and rounding the resulting figure to the nearest whole £100 (taking any amount of £50 as nearest to the previous whole £100);

“relevant tax year” means any of the following tax years—

1. (a)

   2007-2008;

2. (b)

   2008-2009;

3. (c)

   2009-2010;

4. (d)

   2010-2011;

5. (e)

   2011-2012.