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(This note is not part of the Regulations)
These Regulations prescribe the rate at which contributions are to be paid by members of judicial pension schemes established in accordance with the District Judges (Magistrates’ Courts) Pensions Act (Northern Ireland) 1960; the Judicial Pensions Act 1981 and the Judicial Pensions and Retirement Act 1993. The rate set by the Regulations is 1.28% of current salary.
Regulation 6 amends the Judicial Pensions (Additional Voluntary Contributions) Regulations 1995. It ensures that contributions made under the Judicial Pensions (Contributions) Regulations 2012 are not taken into account for the purposes of calculating the maximum amount of contributions that may be made by a member of the judicial additional voluntary contributions scheme constituted in accordance with the Judicial (Additional Voluntary Contributions) Regulations 1995 in any one tax year.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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