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Pensions Act 2007

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60(1)Paragraph 2 of Schedule 4 (priority in bankruptcy etc.: employer's contributions to occupational pension scheme) is amended as follows.E+W+S

(2)Omit sub-paragraphs (2) and (3) (sums owed on account of employer's minimum payments to a money purchase contracted-out scheme).

(3)In sub-paragraph (3A) (definition of “the appropriate amount”)—

(a)in the opening words, omit “or (3)”;

(b)in paragraph (a), omit “or (2) (as the case may be)”.

(4)In sub-paragraph (5) (interpretation)—

(a)omit the definition of “appropriate flat-rate percentage”;

[F1(b)in the definition of “the percentage for contributing earners”—

(i)omit the words “(a) in relation to a salary related contracted-out scheme,”;

(ii)omit paragraph (b) and the preceding “and”;

(c)in the definition of “the percentage for non-contributing earners”—

(i)omit the words “(a) in relation to a salary related contracted-out scheme,”;

(ii)omit paragraph (b) and the preceding “and”.]

Textual Amendments

Commencement Information

I1Sch. 4 para. 60 wholly in force at 6.4.2012; Sch. 4 para. 60 not in force at Royal Assent see s. 30(2)(b); Sch. 4 para. 60 fully in force at 6.4.2012 by S.I. 2011/1267, art. 2(b) (as amended by S.I. 2012/911, art. 2(a)(iv))

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