National Insurance Contributions Act 2008

3 Additional pension: upper accrual point to replace upper earnings limit from 2009-10

(1) The Social Security Contributions and Benefits Act 1992 (c. 4) is amended as follows.

(2) In section 22(2B) (earnings factors), for “the flat rate introduction year” (in both places) substitute “2009-10”.

(3) In section 44(7)(c) (category A retirement pension), for “the flat rate introduction year” (in both places) substitute “2009-10”.

(4) In section 122 (interpretation)—

(a) in subsection (1), for the definition of “the upper accrual point” substitute—

““the upper accrual point” is £770;”,

(b) after subsection (6) insert—

“(6A) The Treasury may by regulations prescribe an equivalent of the upper accrual point in relation to earners paid otherwise than weekly (and references in this or any other Act to “the prescribed equivalent”, in the context of the upper accrual point, are to the equivalent prescribed under this subsection in relation to such earners).

(6B) The power conferred by subsection (6A) includes power to prescribe an amount which exceeds by not more than £1 the amount which is the arithmetical equivalent of the upper accrual point.”, and

(c) omit subsections (7) and (8).