Amendment of regulation 30N.I.
20.—(1) Regulation 30 (Members’ contributions: employees)(1) is amended as follows.
(2) In paragraph (3)—
(a)after “the scheme year 2022/23” insert “(from 1 November 2022) and scheme year 2023/24 and each subsequent scheme year;
(b)for the table in paragraph (3), substitute—
“Table Scheme Year 2022/23 (from 1 November 2022) and Scheme Year 2023/24 and each subsequent scheme year.
Column 1 Pensionable earnings band | Column 2 Contribution percentage rate |
---|---|
Up to £13,246 | 5.1% |
£13,247 to £16,831 | 5.7% |
£16,832 to £22,878 | 6.1% |
£22,879 to £23,948 | 6.8% |
£23,949 to £28,223 | 7.7% |
£28,224 to £29,179 | 8.8% |
£29,180 to £43,805 | 9.8% |
£43,806 to £49,245 | 10.0% |
£49,246 to £56,163 | 11.6% |
£56,164 to £72,030 | 12.5% |
£72,031 and above | 13.5%” |
(3) In paragraph (3A)—
(a)after “the scheme year 2022/23” insert “(from 1 November 2022) and scheme year 2023/24 and each subsequent scheme year”;
(b)for the table in paragraph (3A), substitute—
“Table Scheme Year 2022/23 (from 1 November 2022) and Scheme Year 2023/24 and each subsequent scheme year
Column 1 Pensionable earnings band | Column 2 Contribution percentage rate |
---|---|
Up to £13,246 | 5.1% |
£13,247 to £16,831 | 5.7% |
£16,832 to £22,878 | 6.1% |
£22,879 to £23,948 | 6.8% |
£23,949 to £28,223 | 7.7% |
£28,224 to £29,179 | 8.8% |
£29,180 to £43,805 | 9.8% |
£43,806 to £49,245 | 10.0% |
£49,246 to £56,163 | 11.6% |
£56,164 to £72,030 | 12.5% |
£72,031 and above | 13.5%” |
Commencement Information
I1Reg. 20 in operation at 1.4.2023 with effect in accordance with reg. 1(5), see reg. 1(2)
Regulation 30 as amended by S.R. 2019 No.62, regulation 14 and S.R 2022 No.244.