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The Occupational and Personal Pension Schemes (Levy) Amendment Regulations 1999

S.I. 1999/682 · Made 9 March 1999

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 9th March 1999

Laid before Parliament 11th March 1999

Coming into force 1st April 1999

The Secretary of State for Social Security, in exercise of powers conferred by sections 175(1) and (2), 181(1) and 182(2) and (3) of the Pension Schemes Act 1993f1 and of all other powers enabling him in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1993 c. 48; section 175 was substituted by section 165 of the Pensions Act 1995 (c. 26); section 181(1) is cited because of the meanings ascribed to “prescribe” and “regulations”.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Occupational and Personal Pension Schemes (Levy) Regulations 1997
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Occupational and Personal Pension Schemes (Levy) Amendment Regulations 1999 and shall come into force on 1st April 1999.

2Amendment of the Occupational and Personal Pension Schemes (Levy) Regulations 1997

In Part I of the Schedule to the Occupational and Personal Pension Schemes (Levy) Regulations 1997 (amount of general levy)f1–

(a)

in sub-paragraph (a) for “£10.00” substitute “£11.00”;

(b)

in sub-paragraph (b) for “£1.10” substitute “£1.20”;

(c)

in sub-paragraph (c)(i) for “80p” substitute “85p”;

(d)

in sub-paragraph (c)(ii) for “£110” substitute “£120”;

(e)

in sub-paragraph (d)(i) for “65p” substitute “69p”;

(f)

in sub-paragraph (d)(ii) for “£800” substitute “£850”;

(g)

in sub-paragraph (e)(i) for “50p” substitute “53p”;

(h)

in sub-paragraph (e)(ii) for “£3,250” substitute “£3,450”;

(i)

in sub-paragraph (f)(i) for “35p” substitute “37p”;

(j)

in sub-paragraph (f)(ii) for “£5,000” substitute “£5,300”.

Signature

Signed by authority of the Secretary of State for Social Security.

Stephen C. Timms

Minister of State,

Department of Social Security

9th March 1999

Explanatory note

(This note is not part of the Regulations)

These Regulations further amend the Occupational and Personal Pension Schemes (Levy) Regulations 1997 to specify revised rates in relation to the general levy payable in the case of certain occupational pension schemes.