Additional pension: removal of accrual band from 2010–11N.I.
8—(1) Schedule 4A to the Contributions and Benefits Act (additional pension) is amended as follows.
(2) In Part 2 (surplus earnings factor) in paragraph 2 (calculation of amount where there is a surplus in pensioner's earnings factor)—
(a)in sub-paragraph (4) after “2009” insert “ where the tax year concerned falls before 2010–11 ”;
(b)after sub-paragraph (4) insert—
“(4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010–11 or a subsequent tax year is as follows—
TABLE 2A
Amount of surplus | Percentage | |
---|---|---|
Band 1. | Not exceeding LET | 40 |
Band 2. | Exceeding LET but not exceeding AUEL | 10”; |
(c)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) In Part 3 (contracted-out employment) in paragraph 5 (calculation of amount A)—
(a)in sub-paragraph (4) after “2009” insert “ where the tax year concerned falls before 2010–11 ”;
(b)after sub-paragraph (4) insert—
“(4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010–11 or a subsequent tax year is as follows—
TABLE 4A
Amount of surplus | Percentage | |
---|---|---|
Band 1. | Not exceeding LET | 40 |
Band 2. | Exceeding LET but not exceeding AUEL | 10”. |
(4) In paragraph 7 (calculation of amount B second case)—
(a)in sub-paragraph (4) after “2009” insert “ where the tax year concerned falls before 2010–11 ”;
(b)after sub-paragraph (4) insert—
“(4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010–11 or a subsequent tax year is as follows—
TABLE 6A
Amount of surplus | Percentage | |
---|---|---|
Band 1. | Not exceeding LET | 40 |
Band 2. | Exceeding LET but not exceeding AUEL | 10”. |
(5) F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) For the heading for that Schedule substitute “ ADDITIONAL PENSION: ACCRUAL RATES FOR PURPOSES OF SECTION 45(2)(c) ”.
Textual Amendments
F1S. 8(2)(c) repealed (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 116, 118(2)(c), Sch. 10 Pt. 6
F2S. 8(5) repealed (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 116, 118(2)(c), Sch. 10 Pt. 6