The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014

PART 1 Information for all money purchase members

1.  The amount of contributions (before any deductions are made) credited to the member under the scheme during—

(a) in the case of an occupational pension scheme—

(i) the immediately preceding scheme year, and

(ii) the scheme year mentioned in regulation 17(9)(a) if—

(aa) contributions have been credited during that year, and

(bb) the information relating to that year has not been given, and

(b) in the case of a personal pension scheme, the 12 months immediately preceding a date specified by the managers of the scheme.

2.  Where an occupational pension scheme was a contracted-out scheme at any time before the abolition date(1)—

(a) the date of birth used in determining the appropriate age-related percentage for the purposes of section 38A(2) of the 1993 Act (reduced rate of Class 1 contributions, and rebates);

(b) the name and postal address or electronic address of a person who can be contacted if the date of birth is incorrect, and

(c) the amount of the contributions referred to in paragraph 1 paid to the scheme in respect of the member during the scheme years referred to in that paragraph which is attributable to—

(i) the minimum payments made by the member’s employer;

(ii) any payments made by the Department in accordance with Article 9(1) of the Social Security (Northern Ireland) Order 1986(3) (schemes becoming contracted-out between 1986 and 1993);

(iii) any age-related payments made by HMRC in accordance with section 38A(3) of the 1993 Act.

3.—(1) Where a personal pension scheme was an appropriate scheme at any time before the abolition date—

(a) the date of birth used in determining the appropriate age-related percentage for the purposes of section 41(1)(4) of the 1993 Act (amount of minimum contributions);

(b) the name and postal address or electronic address of any person who can be contacted if the date of birth is incorrect, and

(c) the amount of the minimum contributions paid by HMRC in respect of the member during the 12 months preceding a specified date that are attributable to section 41(1) of the 1993 Act identifying separately that part of the contributions that is attributable to tax relief on the employee’s share of minimum contributions, being the difference between that share and the grossed-up equivalent of that share.

(2) In sub-paragraph (1)(c) the expressions “employee’s share” and “grossed-up equivalent” have the meanings given to them by section 202(3) and (4) of the Finance Act 2004(5) (minimum contributions under pensions legislation).

4.  The value of the member’s accrued rights under the scheme at a date specified by the trustees or managers of the scheme.

5.  Any cash equivalent in respect of the transfer of the member’s rights mentioned in paragraph 4 that would be different from the values to be specified, at the date specified, under that paragraph, calculated in accordance with—

(a) sections 93(6) and 97I of the 1993 Act (calculation of cash equivalents), in the case of an occupational pension scheme, or

(b) regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1987(7) (calculation and verification and increases and reductions of cash equivalents), in the case of a personal pension scheme.

(1)

The date appointed for the coming into operation of section 13(1) of the Pensions Act (Northern Ireland) 2008 was 6th April 2012

(2)

Section 38A was inserted by Article 134(4) of the Pensions (Northern Ireland) Order 1995 and amended by paragraph 96 of Schedule 6 to the Social Security (Northern Ireland) Order 1998 (S.I. 1998/1506 (N.I. 10), paragraph 52 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999, paragraph 7 of Schedule 10 to the Welfare Reform and Pensions Act 1999 (c. 30), paragraph 42 of Schedule 1 to the National Insurance Contributions Act 2002 (c. 19), paragraph 17 of Schedule 4 to the Pensions Act (Northern Ireland) 2008, paragraph 11 of Schedule 7 to the Pensions (No. 2) Act (Northern Ireland) 2008 and Article 4(8) of S.R. 2012 No. 124

(3)

S.I. 1986/1888 (N.I. 18); Article 9 was repealed by Part 1 of Schedule 4 to the Pension Schemes (Northern Ireland) Act 1993; see also paragraph 21 of Schedule 5 to that Act

(4)

Section 41 was amended by Article 135(2) to (4) of, and Part 3 of Schedule 5 to, the Pensions (Northern Ireland) Order 1995, paragraph 56 of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999, paragraph 21 of Schedule 4 to the Pensions Act (Northern Ireland) 2008 and paragraph 12 of Schedule 7 to the Pensions (No. 2) Act (Northern Ireland) 2008

(5)

2004 c. 12

(6)

Section 93 was amended by paragraph 6 of Schedule 4 to the Pensions (Northern Ireland) Order 1995 and paragraph 5(1) of Schedule 5 to the Child Support, Pensions and Social Security Act (Northern Ireland) 2000. Section 97I was inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999

(7)

S.R. 1987 No. 290; regulations 3 and 4 were substituted by paragraph 1(3) and (4) of Schedule 2 to S.R. 2008 No. 370 and regulation 3 was amended by regulation 2 of S.R. 2008 No. 388