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The Pensions (Northern Ireland) Order 1995, Section 134 is up to date with all changes known to be in force on or before 26 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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134.—(1) In section 36 of the Pension Schemes Act (scope of Chapter II of Part III), in paragraph (b), after “members of” insert “money purchase contracted-out schemes and members of”.
Para.(2) rep. by 1998 NI 10
F1(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In Schedule 3 to that Act (priority in bankruptcy, etc), in paragraph 2(3)—
(a)in paragraph (a), for “4.8 per cent.” substitute “the percentage for non-contributing earners”,
(b)in paragraph (b), for “3 per cent.” substitute “the percentage for contributing earners”.
(6) In paragraph 2(5) of that Schedule—
F3(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)after that definition insert—
““the percentage for contributing earners”
in relation to a salary related contracted-out scheme, 3 per cent, and
in relation to a money purchase contracted-out scheme, the percentage which is the appropriate flat-rate percentage for secondary Class 1 contributions,
“the percentage for non-contributing earners” means—
in relation to a salary related contracted-out scheme, 4.8 per cent, and
in relation to a money purchase contracted-out scheme, a percentage equal to the sum of the appropriate flat-rate percentages for primary and secondary Class 1 contributions;” .
F1Art. 134(3) repealed (6.4.2016) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 13 para. 64
F2Art. 134(4) repealed (6.4.2016) by Pensions Act (Northern Ireland) 2015 (c. 5), s. 53(3), Sch. 13 para. 64
F3Art. 134(6) repealed (7.6.2012 for art. 134(6)(a) and otherwise prosp.) by Pensions Act (Northern Ireland) 2008 (c. 1), s. 21(1), Sch. 6 Pt. 7; S.R. 2012/234, art. 2(1)(b)(ii)
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