SCHEDULES

SCHEDULE 7ADDITIONAL PENSION: CONSEQUENTIAL AMENDMENTS

The Pension Schemes (Northern Ireland) Act 1993 (c. 49)

8

1

Section 4 (meaning of “contracted-out employment” etc.) is amended as follows.

2

In subsection (2), in the definition of “minimum payment”, for “the current upper earnings limit” substitute “ the applicable limit ”.

3

After that subsection insert—

2A

In subsection (2) “the applicable limit” means—

a

in relation to a tax year before 2009–10, the upper earnings limit;

b

in relation to 2009–10 or any subsequent tax year, the upper accrual point.