No versions valid at: 24/06/2015
Point in time view as at 24/06/2015. This version of this part contains provisions that are not valid for this point in time.
Pensions Act (Northern Ireland) 2015, Paragraph 15 is up to date with all changes known to be in force on or before 06 March 2025. 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.
Valid from 16/07/2015
Valid from 06/04/2016
15—(1) Section 10 (earner's guaranteed minimum) is amended as follows.N.I.
(2) For subsection (1) substitute—
“(1) An earner has a guaranteed minimum in relation to the pension provided by a scheme that was a salary related contracted-out scheme if in any tax week in a relevant year—
(a)earnings were paid to or for the earner's benefit in respect of employment which was contracted-out by reference to the scheme; and
(b)those earnings were in excess of the lower earnings limit for that tax week (or the prescribed equivalent if the earner was paid otherwise than weekly).”.
(3) In subsection (2), for “earnings such as are mentioned in subsection (1)” substitute “ excess earnings mentioned in subsection (1)(b) ”.
Commencement Information
I1Sch. 13 para. 15 in operation at 6.4.2016, see s. 53(1)(3)
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