Pension Schemes Act 1993 (c. 48)
This section has no associated Explanatory Notes
11(1)In section 42A(1) (reduced rates of Class 1 contributions, and rebates, for members of money purchase contracted-out schemes), for “the current upper earnings limit for that week” substitute “the upper accrual point”.
(2)The amendment made by sub-paragraph (1) has effect in relation to 2009-10 and subsequent tax years.