The Judicial Pensions (Contributions) (Amendment) Regulations 2016

Amendment of the Judicial Pensions (Contributions) Regulations 2012

This section has no associated Explanatory Memorandum

2.—(1) The Judicial Pensions (Contributions) Regulations 2012(1) are amended as follows.

(2) For regulation 3 (rate of contributions) substitute—

3.(1) Contributions under—

(a)section 8A of the 1960 Act;

(b)section 33ZA of the 1981 Act, or

(c)section 9A of the 1993 Act,

must be made as follows.

(2) A person who, when their salary becomes due, has an annual salary of £150,000 or less must make contributions at a rate of 2.61% of their salary for the time being as it becomes due.

(3) A person who, when their salary becomes due, has an annual salary of more than £150,000 must make contributions at a rate of—

(a)2.61% of their salary up to and including £150,000, and

(b)4.43% of their salary in excess of £150,000,

for the time being as it becomes due..

(1)

S.I. 2012/516; amended by S.I. 2013/484 and 2014/483.