Pensions (No. 2) Act (Northern Ireland) 2008

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.”.