Part 1

State pension

Up-rating of basic state pension and other benefits

Removal of link between lower earnings limit and basic pension
7
1
Section 5 of the SSCBA (earnings limits and thresholds for Class 1 contributions) is amended as follows.
2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Omit subsection (2) (link between lower earnings limit and weekly rate of basic pension).
4
Subsections (2) and (3) have effect in relation to the tax year following the designated tax year (see section 5(4)) and subsequent tax years.
5
In section 176(1) of the SSCBA (instruments subject to affirmative procedure), before paragraph (a) insert—
za
regulations under section 5 specifying the lower earnings limit for the tax year following the designated tax year (see section 5(4) of the Pensions Act 2007) or any subsequent tax year;
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S. 7(2) repealed (21.9.2008) by National Insurance Contributions Act 2008 (c. 16), ss. 4, 6(1), Sch. 2