EXPLANATORY NOTE
(This note is not part of the Order)
This Order saves certain provisions of Part 3 of the Pensions Act 1993 (c.48) (“the 1993 Act”) repealed by Schedule 13 of the Pensions Act 2014 (c.19), which abolishes contracting-out for salary related schemes.
Article 2(1) and (2) saves for three years from the second abolition date, those provisions of the 1993 Act which relate to certification of contracted-out schemes, cancellation of certificates, the national insurance rebate, HMRC supervision of contracted-out schemes and state scheme premiums, in order to require or allow schemes and HMRC to carry out necessary tasks relating to a period of contracted-out employment which occurred before the second abolition date.
Article 2(3) saves section 16(2) of the 1993 Act in relation to an earner whose service in contracted-out employment ended before the section abolition date.
Article 2(4) and (5) saves sections 55 to 68 of the 1993 Act to allow a contributions equivalent premium to be paid after 6th April 2019 in circumstances where the scheme entered a PPF assessment period before the second abolition date, and the assessment period continued beyond 6th April 2019.
An analysis of the impact of this legislation has been made as part of the analysis of the Pensions Act 2014. A copy is available in the libraries of both Houses of Parliament. Copies may also be obtained from the Better Regulation Unit of the Department for Work and Pensions, 2D, Caxton House, Tothill Street, London SW1H 9NA.