Pensions Act 2008 (c. 30)

Part 1 U.K. Pension scheme membership for jobholders

Modifications etc. (not altering text)

C1 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)

Chapter 5 U.K. Duty to establish a pension scheme

Pension scheme U.K.

70 Contribution limits U.K.

(1) An order under section 67 must prescribe the maximum amount of contributions that may be made by or in respect of a member in any tax year.

(2) For the purposes of provision under subsection (1) an order may in particular make provision as to—

(a) what is a contribution;

(b) when a contribution is to be treated as made;

(c) how contributions are to be treated if the maximum is exceeded;

(d) circumstances in which a payment is to be made to any person in respect of an excess contribution;

(e) who is to make any such payment and how it is to be calculated.

(3) An order may prescribe a maximum amount for payments that may be made by a member and that are not contributions for the purposes of provision under subsection (1).

(4) The Secretary of State may by order repeal this section.