SCHEDULE 1TRANSFER OF CERTAIN FUNCTIONS, ETC.

The Pensions Act

56

1

Section 4151 of that Act (amount of minimum contributions) is amended as follows.

2

In subsection (1), for “Department is” there is substituted “Inland Revenue are”.

3

In subsection (3) after “Regulations” there is inserted “made by the Secretary of State”.

4

After subsection (3) there is added—

4

In subsection (3) “prescribed” means prescribed by regulations made by the Secretary of State.