The Social Security (Reduced Rates of Class 1 Contributions, and Rebates) (Money Purchase Contracted-out Schemes) Order (Northern Ireland) 1998

Statutory Rules of Northern Ireland

1998 No. 137

PENSIONS

The Social Security (Reduced Rates of Class 1 Contributions, and Rebates) (Money Purchase Contracted-out Schemes) Order (Northern Ireland) 1998

Made

2nd April 1998

Coming into operation

6th April 1999

Whereas the Secretary of State for Social Security has made an Order(1) under section 42B of the Pension Schemes Act 1993(2):

Now, therefore, the Department of Health and Social Services for Northern Ireland, in exercise of the powers conferred on it by section 38B of the Pension Schemes (Northern Ireland) Act 1993(3) and of all other powers enabling it in that behalf, hereby makes the following Order:

Citation, commencement and interpretation

1.—(1) This Order may be cited as the Social Security (Reduced Rates of Class 1 Contributions, and Rebates) (Money Purchase Contracted-out Schemes) Order (Northern Ireland) 1998 and shall come into operation on 6th April 1999.

(2) The Interpretation Act (Northern Ireland) 1954(4) shall apply to this Order as it applies to a Measure of the Assembly.

Reduced rates of Class 1 contributions, and rebates

2.  For the purposes of section 38A of the Pension Schemes (Northern Ireland) Act 1993(5) (reduced rates of Class 1 contributions, and rebates)—

(a) the appropriate flat-rate percentage in respect of earners for the tax years 1999-2000 to 2001-2002 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 0·6 per cent., and

(b) the appropriate age-related percentages in respect of earners for the tax years 1999-2000 to 2001-2002 are the percentages specified in the table set out in the Schedule by reference to the earners' ages on the last day of the preceding tax year.

Amendment of previous Order

3.  In the Social Security (Reduced Rates of Class 1 Contributions and Rebates) (Money Purchase Contracted-out Schemes) Order (Northern Ireland) 1996(6)—

(a) in Article 2, for “to 2001-02”, in both places where it occurs, there shall be substituted “and 1998-99”, and

(b) in the Schedule, in the table, the columns relating to the tax years 1999-2000, 2000-2001 and 2001-2002 shall be omitted.

Sealed with the Official Seal of the Department of Health and Social Services for Northern Ireland on

L.S.

John O'Neill

Assistant Secretary

2nd April 1998.

Article 2(b)

SCHEDULE

TABLE

Appropriate age-related percentages of earnings exceeding the lower earnings limit but not the upper earnings limit

Age on last day of preceding tax year	Appropriate age-related percentages for the tax year
	1999-2000	2000-2001	2001-2002
15	2·2	2·2	2·2
16	2·2	2·2	2·2
17	2·3	2·3	2·3
18	2·3	2·3	2·3
19	2·3	2·4	2·4
20	2·4	2·4	2·4
21	2·5	2·5	2·5
22	2·5	2·5	2·5
23	2·6	2·6	2·6
24	2·6	2·6	2·6
25	2·7	2·7	2·7
26	2·7	2·7	2·7
27	2·8	2·8	2·8
28	2·9	2·9	2·9
29	2·9	2·9	2·9
30	3·0	3·0	3·0
31	3·0	3·0	3·0
32	3·1	3·1	3·1
33	3·2	3·2	3·2
34	3·2	3·2	3·3
35	3·3	3·3	3·3
36	3·4	3·4	3·4
37	3·5	3·5	3·5
38	3·7	3·6	3·5
39	3·8	3·8	3·7
40	4·0	3·9	3·8
41	4·2	4·1	4·0
42	4·4	4·3	4·2
43	4·6	4·5	4·4
44	5·0	4·7	4·6
45	5·6	5·1	4·8
46	6·3	5·7	5·2
47	7·1	6·4	5·8
48	8·0	7·2	6·6
49	8·8	8·2	7·4
50	9·0	9·0	8·4
51	9·0	9·0	9·0
52	9·0	9·0	9·0
53	9·0	9·0	9·0
54	9·0	9·0	9·0
55	9·0	9·0	9·0
56	9·0	9·0	9·0
57	9·0	9·0	9·0
58	9·0	9·0	9·0
59	9·0	9·0	9·0
60	9·0	9·0	9·0
61	9·0	9·0	9·0
62	9·0	9·0	9·0
63	9·0	9·0	9·0

Explanatory Note

(This note is not part of the Order.)

This Order, which corresponds to an Order (S.I. 1998/945) made by the Secretary of State for Social Security under section 42B of the Pension Schemes Act 1993, specifies with effect from 6th April 1999 the appropriate flat-rate percentage and the appropriate age-related percentages in respect of earners who are members of money purchase contracted-out pension schemes. It also amends the Social Security (Reduced Rates of Class 1 Contributions and Rebates) (Money Purchase Contracted-out Schemes) Order (Northern Ireland) 1996 to restrict its application to the tax years 1997-98 and 1998-99.

(1)

S.I. 1998/945

(2)

1993 c. 48

(3)

1993 c. 49; section 38B was inserted by Article 134(4) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

(4)

1954 c. 33 (N.I.)

(5)

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

(6)

S.R. 1996 No. 150