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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order corresponds to an Order (S.I. 2017/375) made by the Secretary of State for Work and Pensions under section 148AD of the Social Security Administration Act 1992 (c. 5).

Article 2 of this Order revalues credits and debits under Article 46A(2) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) by increasing them by the specified percentage that corresponds to the tax year in which the person became entitled to the credit or subject to the debit. The specified percentage increase is the “appropriate revaluation percentage” for the purposes of paragraph 3 of each of Schedules 8 and 10 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) .