C1C2 Part III Certification of Pension Schemes and Effects on Members’ State Scheme Rights and Duties
Chapter II Reduction in State Scheme Contributions and Social Security Benefits for Members of Certified Schemes
Minimum contributions: members of appropriate personal pension schemes
41 Amount of minimum contributions.
F11
In relation to any tax week falling within a period for which the F2Inland Revenue are required to pay minimum contributions in respect of an earner, the amount of those contributions shall be an amount equal to the appropriate age-related percentage of so much of the earnings paid in that week (other than earnings in respect of contracted-out employment) as exceeds the current lower earnings limit but not F7the upper accrual point (or the prescribed equivalents if he is paid otherwise than weekly).
2
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3
Regulations F3made by the Secretary of State may make provision—
a
for earnings to be calculated or estimated in such manner and on such basis as may be prescribed for the purpose of determining whether any, and if so what, minimum contributions are payable in respect of them;
b
for the adjustment of the amount which would otherwise be payable by way of minimum contributions so as to avoid the payment of trivial or fractional amounts;
c
for the intervals at which, for the purposes of minimum contributions, payments of earnings are to be treated as made;
F4d
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e
for this section to have effect in prescribed cases as if for any reference to a tax week there were substituted a reference to a F5. . .
f
as to the manner in which and time at which or period within which minimum contributions are to be made.
F64
In subsection (3) “prescribed” means prescribed by regulations made by the Secretary of State.
F85
For the purposes of this section “the appropriate age-related percentage”, in relation to a tax year beginning before the abolition date, is the percentage (or percentages) specified as such for that tax year in an order made under section 41A (as it had effect prior to that date).
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