Regulation G2 Receipts, etc., to be creditedI1
Northern Ireland Not yet in force
Employees' and employers' contributions received during the financial year shall be credited to the account.
Employees' contributions comprise—
all contributions payable under regulations C2(1), C3, C4, C5 and C8;
so much of any additional contributions payable under regulations C6 and C7 as would have been payable under regulation C2(1) if pensionable employment had continued; and
all amounts payable under regulations C13 and C14 (return of repaid contributions).
Employers' contributions comprise—
the contributions payable under regulation G5; and
so much of any additional contributions payable under regulation C6 as would have been payable under regulation G5 if pensionable employment had continued.
There shall also be credited to the account—
the closing balance in the account for the preceding financial year;
all transfer values under regulation F4 received during the financial year;
all contributions equivalent premiums refunded, or recovered under sections 57 to 59 of the Pensions Act, during the financial year;
any interest and other payments under these Regulations received during the financial year; and
the notional interest for the financial year described in Part III of Schedule 12.
Annotations
Commencement
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Reg. G2 in operation at 2.11.1998, see reg. A1