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Changes over time for: Section 7
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 21/09/2008
Status:
Point in time view as at 26/09/2007. This version of this provision has been superseded.
Status
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Changes to legislation:
There are currently no known outstanding effects for the Pensions Act 2007, Section 7.
Changes to Legislation
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7Removal of link between lower earnings limit and basic pensionE+W+S
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adran has no associated
Nodiadau Esboniadol
(1)Section 5 of the SSCBA (earnings limits and thresholds for Class 1 contributions) is amended as follows.
(2)In subsection (1) (limits and thresholds to be specified in regulations) for the words from “in the case of” to the end substitute “ in the case of the upper earnings limit shall be made in accordance with subsection (3) below. ”
(3)Omit subsection (2) (link between lower earnings limit and weekly rate of basic pension).
(4)Subsections (2) and (3) have effect in relation to the tax year following the designated tax year (see section 5(4)) and subsequent tax years.
(5)In section 176(1) of the SSCBA (instruments subject to affirmative procedure), before paragraph (a) insert—
“(za)regulations under section 5 specifying the lower earnings limit for the tax year following the designated tax year (see section 5(4) of the Pensions Act 2007) or any subsequent tax year;”.
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