Search Legislation

Pensions Act 2007

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 7

 Help about opening options

Version Superseded: 21/09/2008

Alternative versions:

Status:

Point in time view as at 26/09/2007. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Pensions Act 2007, Section 7. Help about Changes to Legislation

7Removal of link between lower earnings limit and basic pensionE+W+S

This section has no associated Explanatory Notes

(1)Section 5 of the SSCBA (earnings limits and thresholds for Class 1 contributions) is amended as follows.

(2)In subsection (1) (limits and thresholds to be specified in regulations) for the words from “in the case of” to the end substitute “ in the case of the upper earnings limit shall be made in accordance with subsection (3) below. ”

(3)Omit subsection (2) (link between lower earnings limit and weekly rate of basic pension).

(4)Subsections (2) and (3) have effect in relation to the tax year following the designated tax year (see section 5(4)) and subsequent tax years.

(5)In section 176(1) of the SSCBA (instruments subject to affirmative procedure), before paragraph (a) insert—

(za)regulations under section 5 specifying the lower earnings limit for the tax year following the designated tax year (see section 5(4) of the Pensions Act 2007) or any subsequent tax year;.

Back to top

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?