The Social Security (Contributions) (Amendment No. 5) Regulations (Northern Ireland) 1996

Amendment of regulation 1 of the principal Regulations

2.  In regulation 1(2) of the principal Regulations (interpretation)—

(a) after the definition of “company”(1) there shall be inserted the following definition—

““COMPS employment” means employment in respect of which minimum payments are made to a money purchase pension scheme contracted out under section 5(3) of the Pension Schemes (Northern Ireland) Act 1993(2) (requirements for certification of schemes);”;

(b) after the definition of “contributory benefit”(3) there shall be inserted the following definitions—

““COSRS employment” means employment which qualifies an earner for a pension provided by a salary related scheme contracted out under section 5(2) of the Pension Schemes (Northern Ireland) Act 1993(4);

“director” means—

(a)

in relation to a company whose affairs are managed by a board of directors or similar body, a member of that board or similar body;

(b)

in relation to a company whose affairs are managed by a single director or similar person, that director or person;

(c)

any person in accordance with whose directions or instructions the company’s directors as defined in paragraphs (a) and (b) of this definition are accustomed to act; and for this purpose a person is not to be treated as such a person by reason only that the directors act on advice given by him in his professional capacity;”.

(1)

Definition of “company” was substituted by S.R. 1991 No. 106

(2)

1993 c. 49; section 5(3) is amended by Article 133(4) of, and paragraph 17 of Schedule 3 to, the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

(3)

Definition of “contributory benefit” was inserted by S.R. 1996 No. 430

(4)

Section 5(2) is substituted by Article 133(3) of the Pensions (Northern Ireland) Order 1995