The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations (Northern Ireland) 2008

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations (Northern Ireland) 2008 and shall come into operation on 1st April 2008.

(2) The Interpretation Act (Northern Ireland) 1954(1) shall apply to these Regulations as it applies to an Act of the Assembly.

Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations

2.—(1) The Occupational and Personal Pension Schemes (General Levy) Regulations (Northern Ireland) 2005(2) shall be amended in accordance with paragraphs (2) and (3).

(2) In regulation 5 (amount of the general levy: occupational pension schemes) for the Table substitute—

“TABLE

Column 1 Number of members on the reference day	Column 2 Amount of levy calculated by reference to number of members (M)	Column 3 Minimum amount of levy
2 to 11		£33
12 to 99	£3∙35 x M
100 to 999	£2∙42 x M	£340
1,000 to 4,999	£1∙88 x M	£2,420
5,000 to 9,999	£1∙43 x M	£9,400
10,000 or more	£1∙00 x M	£14,300”.

(3) In regulation 6 (amount of the general levy: personal pension schemes) for the Table substitute—

“TABLE

Column 1 Number of members on the reference day	Column 2 Amount of levy calculated by reference to number of members (M)	Column 3 Minimum amount of levy
2 to 11		£14
12 to 99	£1∙34 x M
100 to 999	£0∙94 x M	£140
1,000 to 4,999	£0∙81 x M	£940
5,000 to 9,999	£0∙54 x M	£4,050
10,000 or more	£0∙41 x M	£5,400”.

Sealed with the Official Seal of the Department for Social Development on 10th March 2008

(L.S.)

John O’Neill

A senior officer of the Department for Social Development