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The Social Security (Class 1 Contributions—Contracted-out Percentages) Order 1987
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- UK Statutory Instruments
- 1987 No. 656
- Article 3
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Consequential provision
3. In paragraph 2(2) of Schedule 3 to the Social Security Pensions Act 1975(1) (priority in bankruptcy: employer’s contributions to an occupational pension scheme), so far as the percentages specified in that paragraph apply in relation to earnings paid or payable as from 6th April 1988, the following alterations shall be made—
(a)for the figures “6.25” in paragraph (i) there shall be substituted “5.8”; and
(b)for the figures “4.1” in paragraph (ii) there shall be substituted “3.8”.
(1)
Paragraph 2(2) was amended by the Social Security Act 1985 (c. 53), Schedule 5, paragraph 36.
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