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The Occupational Pension Schemes (Levy Ceiling) Order 2010
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This is a draft item of legislation item. This draft has since been made as a UK Statutory Instrument: The Occupational Pension Schemes (Levy Ceiling) Order 2010 No. 666
Draft Order laid before Parliament under section 316(2)(f) of the Pensions Act 2004, for approval by resolution of each House of Parliament.
Draft Statutory Instruments
2010 No.
Pensions
The Occupational Pension Schemes (Levy Ceiling) Order 2010
Made
Coming into force in accordance with article 1(2)
The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 178(1) and 315(2) and (5) of the Pensions Act 2004(1).
In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2009(2). It appears to the Secretary of State that the general level of earnings has increased by 0.9% during that period(3).
A draft of this Order has been laid before Parliament in accordance with section 316(2)(f) of that Act and approved by a resolution of each House of Parliament.
(1)
2004 c.35. See also S.I. 2009/794 which sets the levy ceiling for the financial year beginning on 1st April 2009.
(2)
See section 178(4) of the Pensions Act 2004 and regulation 3 of S.I. 2006/2692.
(3)
See S.I. 2010/1.
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