SCHEDULES
SCHEDULE 1STATE PENSION: CONSEQUENTIAL AND RELATED AMENDMENTS
PART 7ADDITIONAL PENSION: SIMPLIFIED ACCRUAL RATES
The Pension Schemes (Northern Ireland) Act 1993 (c. 49)
34
In section 37 of that Act (reduced rates of Class 1 contributions)—
a
in subsection (1) (earnings relevant for subsections (1A) and (1B) limited by upper earnings limit) for “the current upper earnings limit” substitute “the applicable limit”;
b
after that subsection insert—
1ZA
In subsection (1)—
a
“the applicable limit”—
i
in relation to a tax week falling in a tax year before the flat rate introduction year, means the upper earnings limit for the week in question;
ii
in relation to a tax week falling in the flat rate introduction year or any subsequent tax year, means the upper accrual point divided by 52; and
b
“prescribed”—
i
in relation to the lower or upper earnings limit, means (in accordance with section 5(4) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992) prescribed under that provision;
ii
in relation to the amount mentioned in paragraph (a)(ii) above, means (in accordance with section 176) prescribed by regulations under this Act.