Pensions Act 1995
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Change 1
138 Minimum contributions towards appropriate personal pension schemes.
(1) Section 45 of the Pension Schemes Act 1993 (minimum contributions to personal pension schemes) is amended as follows. (2) For subsection (1) there is substituted— (1) In relation to any tax week falling within a period for which the Secretary of State is required to pay minimum contributions in respect of an earner, the amount of those contributions shall be an amount equal to the appropriate age-related percentage of so much of the earnings paid in that week (other than earnings in respect of contracted-out employment) as exceeds the current lower earnings limit but not the current upper earnings limit for that week (or the prescribed equivalents if he is paid otherwise than weekly) . (3) Subsection (2) is omitted. (4) In subsection (3)(e), the words following “ prescribed period ” are omitted. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
138 Minimum contributions towards appropriate personal pension schemes.
(1) Section 45 of the Pension Schemes Act 1993 (minimum contributions to personal pension schemes) is amended as follows. (2) For subsection (1) there is substituted— (1) In relation to any tax week falling within a period for which the Secretary of State is required to pay minimum contributions in respect of an earner, the amount of those contributions shall be an amount equal to the appropriate age-related percentage of so much of the earnings paid in that week (other than earnings in respect of contracted-out employment) as exceeds the current lower earnings limit but not the current upper earnings limit for that week (or the prescribed equivalents if he is paid otherwise than weekly) . (3) Subsection (2) is omitted. (4) In subsection (3)(e), the words following “ prescribed period ” are omitted. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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