http://www.legislation.gov.uk/id/ukpga/2007/22/schedule/4

http://www.legislation.gov.uk/ukpga/2007/22/schedule/4/paragraph/45/2012-04-06

Pensions Act 2007

An Act to make provision about pensions and other benefits payable to persons in connection with bereavement or by reference to pensionable age; to make provision about the establishment and functions of the Personal Accounts Delivery Authority; and for connected purposes.

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Statute Law Database

2022-08-02

2012-04-06

SCHEDULES

SCHEDULE 4Abolition of contracting-out for defined contribution pension schemes

Part 2Further amendments

Social Security Contributions and Benefits Act 1992 (c. 4)

45

1

In Schedule 1 to the SSCBA (supplementary provisions relating to contributions of Classes 1, 1A, 1B, 2 and 3) paragraph 1 (Class 1 contributions where earner is in more than one employment) is amended as follows.

2

In sub-paragraph (3) (determination of amount of primary Class 1 contributions where aggregate earnings include earnings from contracted-out employment)—

a

omit paragraphs (a) and (b);

b

in paragraph (c), for sub-paragraphs (i) and (ii) substitute “ to such part of the aggregated earnings attributable to COSRS service as exceeds the current primary threshold and does not exceed the current upper earnings limit ”;

c

in paragraph (d), for “part or parts attributable to COMPS or COSRS service” substitute “ part attributable to COSRS service ”.

3

In sub-paragraph (6) (determination of amount of secondary Class 1 contributions where aggregate earnings include earnings from contracted-out employment) omit paragraphs (a) and (b).

4

In sub-paragraph (9) (interpretation) omit the definition of “COMPS service”.