The Social Security (Minimum Contributions to Appropriate Personal Pension Schemes) Order 2001

• Citation: S.I. 2001/1354
• Sections: 2

Section 1 Citation and commencement

(1) This Order may be cited as the Social Security (Minimum Contributions to Appropriate Personal Pension Schemes) Order 2001 and shall come into force on 6th April 2002.

(2) In this Order—

(a) “ LET ” means the low earnings threshold for the tax year in question as specified in—

(i) section 44A of the Social Security Contributions and Benefits Act 1992 or,

(ii) in relation to Northern Ireland, section 44A of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 ;

(b) “qualifying earnings factor” means the same as in—

(i) section 122(1) of the Social Security Contributions and Benefits Act 1992 or,

(ii) in relation to Northern Ireland, section 121(1) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992;

(c) “ QEF ” means the qualifying earnings factor for that tax year;

(d) “ 2QEF ” means the amount produced by doubling QEF, rounded to the nearest £100 (taking any amount of £50 as nearest to the previous whole £100).

Section 2 Appropriate age-related percentages

(1) For the purposes of section 45 of the Pension Schemes Act 1993 and section 41 of the Pension Schemes (Northern Ireland) Act 1993 (amount of minimum contributions) the appropriate age-related percentages in respect of earners—

(a) for the tax year 2002–03 are those specified in the Table set out in Schedule 1 to this Order;

(b) for the tax year 2003–04 are those specified in the Table set out in Schedule 2 to this Order;

(c) for the tax year 2004–05 are those specified in the Table set out in Schedule 3 to this Order;

(d) for the tax year 2005–06 are those specified in the Table set out in Schedule 4 to this Order;

(e) for the tax year 2006–07 are those specified in the Table set out in Schedule 5 to this Order,

by reference to their ages on the last day of the preceding tax year.

(2) The appropriate age-related percentage in respect of an earner whose age on that day is specified in Column A of any such Table—

(a) in the case of an earner whose earnings do not exceed LET, shall be the percentage specified in Column B;

(b) in the case of an earner whose earnings which exceed LET but do not exceed 3LET-2QEF, shall—

(i) in so far as those earnings do not exceed LET, be the percentage specified in Column B,

(ii) in so far as those earnings exceed LET, be the percentage specified in Column C;

(c) in the case of an earner whose earnings exceed 3LET-2QEF, shall—

(i) in so far as those earnings do not exceed LET, be the percentage specified in Column B,

(ii) in so far as those earnings exceed LET but do not exceed 3LET-2QEF, be the percentage specified in Column C,

(iii) in so far as those earnings exceed 3LET-2QEF, be the percentage specified in Column D.