C1C2 Part III Certification of Pension Schemes and Effects on Members’ State Scheme Rights and Duties

Annotations:
Modifications etc. (not altering text)
C1

Pt. 3: power to modify conferred (1.6.1996 for certain purposes otherwise 6.4.1997) by S.I. 1995/3213 (N.I. 22), art. 146(1); S.R. 1996/91, art. 2(f); S.R. 1997/192, art. 2

Pt. 3: power to transfer functions conferred (1.4.1999) by 1999 c. 2, s. 23(1)(2)(6); S.I. 1999/527, art. 2(b), Sch. 2

Chapter II Reduction in State Scheme Contributions and Social Security Benefits for Members of Certified Schemes

Preliminary

36 Scope of Chapter II.

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 F1Inland Revenue in respect of earners who are members of F2money purchase contracted-out schemes and members ofappropriate 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.