C1Part 1Pension scheme membership for jobholders
Chapter 1Employers' duties
Transitional
I129Transitional periods for money purchase and personal pension schemes
1
During the first transitional period F1...—
a
sections 20(1)(b) and 26(4)(b) have effect as if for “3%” there were substituted “
1%
”
;
b
sections 20(1)(c) and 26(5)(b) have effect as if for “8%” there were substituted “
2%
”
.
2
The first transitional period is a prescribed period of at least one year, beginning with the coming into force of section 20.
3
During the second transitional period F2...—
a
sections 20(1)(b) and 26(4)(b) have effect as if for “3%” there were substituted “
2%
”
;
b
sections 20(1)(c) and 26(5)(b) have effect as if for “8%” there were substituted “
5%
”
.
4
The second transitional period is a prescribed period of at least one year, beginning with the end of the first transitional period.
Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)