Pension Schemes Act 1993

Preliminary E+W+S

40 Scope of Chapter II. E+W+S

This Chapter has effect for the purpose—

(a) of reducing the rates at which certain national insurance contributions are payable by or in respect of earners whose employment is contracted-out by reference to contracted-out occupational pension schemes;

(b) of providing for contributions to be paid by the Secretary of State in respect of earners who are members of [F1 money purchase contracted-out schemes and members of ]appropriate personal pension schemes; and

(c) of making provision concerning the payment of certain social security benefits payable in respect of members and former members of such schemes.

Textual Amendments

F1 Words in s. 40(b) inserted (13.3.1996 for specified purposes, 6.4.1996 for specified purposes) by Pensions Act 1995 (c. 26), ss. 137(1), 180(1); S.I. 1996/778, art. 2(1)(5)(a), Sch. Pts. 1, 5

Commencement Information

I1 Ss. 1-187 in force at 7.2.1994 by S.I. 1994/86, art. 2