- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
59.—(1) Paragraph 2 of Schedule 3 (priority in bankruptcy, etc.: employer’s contributions to occupational pension scheme) is amended as follows.
(2) Omit sub-paragraphs (2) and (3) (sums owed on account of employer’s minimum payments to a money purchase contracted-out scheme).
(3) In sub-paragraph (3A) (definition of “the appropriate amount”)—
(a)in the opening words omit “or (3)”;
(b)in paragraph (a) omit “or (2) (as the case may be)”.
(4) In sub-paragraph (5) (interpretation)—
(a)omit the definition of “appropriate flat-rate percentage”;
(b)for the definition of “the percentage for contributing earners” substitute—
““the percentage for contributing earners” means 3 per cent.;”;
(c)for the definition of “the percentage for non-contributing earners” substitute—
““the percentage for non-contributing earners” means 4.8 per cent.;”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: