SCHEDULES
SCHEDULE 4ABOLITION OF CONTRACTING-OUT FOR DEFINED CONTRIBUTION PENSION SCHEMES
PART 1AMENDMENTS HAVING EFFECT AS FROM ABOLITION DATE
The Pension Schemes (Northern Ireland) Act 1993 (c. 49)
2
1
Section 3 (issue of contracting-out and appropriate scheme certificates) is amended as follows.
2
For subsection (1) substitute—
1
Regulations shall provide for HMRC to issue certificates stating that the employment of an earner in employed earner's employment is contracted-out employment by reference to an occupational pension scheme.
1A
In this Act such a certificate is referred to as “a contracting-out certificate”.
3
Omit subsections (4) to (6) (provisions relating to appropriate scheme certificates in respect of personal pension schemes).
4
In subsection (7) (no certificate to have effect from a date earlier than its issue) omit “or appropriate scheme certificate”.
5
After that subsection add—
8
References in this Act to a contracting-out certificate, a contracted-out scheme and to contracting-out in a context relating to a money purchase contracted-out scheme are to be construed in accordance with section 176A.
6
In the sidenote omit “and appropriate scheme”.