C1PART 1PENSION SCHEME MEMBERSHIP FOR JOBHOLDERS
C1CHAPTER 1EMPLOYERS' DUTIES
Transitional
I1I229Transitional periods for money purchase and personal pension schemes
1
During the first transitional period F1...—
a
sections 20(1)(b) and 26(4)(b) have effect as if for “3%” there were substituted “
1%
”
;
b
sections 20(1)(c) and 26(5)(b) have effect as if for “8%” there were substituted “
2%
”
.
2
The first transitional period is a prescribed period of at least one year, beginning with the coming into operation of section 20.
3
During the second transitional period F2...—
a
sections 20(1)(b) and 26(4)(b) have effect as if for “3%” there were substituted “
2%
”
;
b
sections 20(1)(c) and 26(5)(b) have effect as if for “8%” there were substituted “
5%
”
.
4
The second transitional period is a prescribed period of at least one year, beginning with the end of the first transitional period.
Pt. 1 applied (with modifications) (1.7.2012) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), arts. 1(1), 2 (with art. 5)