60(1)Paragraph 2 of Schedule 4 (priority in bankruptcy etc.: employer's contributions to occupational pension scheme) is amended as follows.E+W+S
(2)Omit sub-paragraphs (2) and (3) (sums owed on account of employer's minimum payments to a money purchase contracted-out scheme).
(3)In sub-paragraph (3A) (definition of “the appropriate amount”)—
(a)in the opening words, omit “or (3)”;
(b)in paragraph (a), omit “or (2) (as the case may be)”.
(4)In sub-paragraph (5) (interpretation)—
(a)omit the definition of “appropriate flat-rate percentage”;
[F1(b)in the definition of “the percentage for contributing earners”—
(i)omit the words “(a) in relation to a salary related contracted-out scheme,”;
(ii)omit paragraph (b) and the preceding “and”;
(c)in the definition of “the percentage for non-contributing earners”—
(i)omit the words “(a) in relation to a salary related contracted-out scheme,”;
(ii)omit paragraph (b) and the preceding “and”.]
Textual Amendments
F1Sch. 4 para. 60(4)(b)(c) substituted (3.1.2012) by Pensions Act 2011 (c. 19), ss. 27, 38(3)(c)
Commencement Information
I1Sch. 4 para. 60 wholly in force at 6.4.2012; Sch. 4 para. 60 not in force at Royal Assent see s. 30(2)(b); Sch. 4 para. 60 fully in force at 6.4.2012 by S.I. 2011/1267, art. 2(b) (as amended by S.I. 2012/911, art. 2(a)(iv))