Search Legislation

The Social Security Benefits Up-rating Order (Northern Ireland) 2024

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 5

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the The Social Security Benefits Up-rating Order (Northern Ireland) 2024, Section 5. Help about Changes to Legislation

Rates or amounts of certain benefits under the Pension Schemes ActN.I.

This section has no associated Explanatory Memorandum

5.—(1) It is directed that the sums specified in paragraph (2) shall be increased from and including the respective dates specified in Article 7.

(2) Sums which are payable by virtue of section 11(1) of the Pension Schemes Act (increase of guaranteed minimum where commencement of guaranteed minimum pension postponed) to a person who is also entitled to a Category A or Category B retirement pension (including sums payable by virtue of section 13(2) and (3) of that Act(1)) shall be increased by—

(a)6.7 per cent where the increase under section 11(1) is attributable to earnings factors for the tax year 1987-88 and earlier tax years(2); and

(b)3.7 per cent where the increase under section 11(1) is attributable to earnings factors for the tax years 1988-89 to 1996-97 inclusive.

Commencement Information

I1Art. 5 comes into force in accordance with art.1(1)(c)(2)(3)(a)(7)

(1)

Section 13(2) was amended by paragraph 5(b) of Schedule 1 to S.R. 2005 No. 433, regulation 68(3)(a) and (b) of S.I. 2019/1514 and regulation 40(2) of S.I. 2020/1143

(2)

See section 132(4) of the Social Security Administration (Northern Ireland) Act 1992 as amended by paragraph 41(c) of Schedule 7 to the Pension Schemes (Northern Ireland) Act 1993; see also S.R.2024 No. 51

Back to top

Options/Help