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The Social Security (Reduced Rates of Class 1 Contributions and Rebates) (Money Purchase Contracted-out Schemes) Order (Northern Ireland) 1996

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Reduced rates of Class 1 contributions and rebates

2.  For the purposes of section 38A of the Pension Schemes (Northern Ireland) Act 1993(1)—

(a)the appropriate flat-rate percentage in respect of earners for the tax years 1997-98 to 2001-02 in the case of a primary Class 1 contribution is 1·6 per cent. and in the case of a secondary Class 1 contribution is 1·5 per cent; and

(b)the appropriate age-related percentages in respect of earners in the tax years 1997-98 to 2001-02 are those specified in the table in the Schedule by reference to their ages on the last day of the preceding tax year.

(1)

Section 38A was inserted by Article 134(4) of the Pensions (Northern Ireland) Order 1995

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