Part 1State pension
Up-rating of basic state pension and other benefits
8Removal of link between lower earnings limit and basic pension: Northern Ireland
1
Section 5 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7) (earnings limits and thresholds for Class 1 contributions) is amended as follows.
2
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 172 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (Assembly, etc. control of regulations and orders)—
a
in subsection (9) for “(11), (11A) and” substitute “
(11) to
”
; and
b
after subsection (11) insert—
11ZA
A statutory instrument containing (whether alone or with other provisions) regulations under section 5 specifying the lower earnings limit for—
a
the tax year following the designated tax year (see section 5(4) of the Pensions Act 2007), or
b
any subsequent tax year,
shall not be made unless a draft of the instrument has been laid before and approved by resolution of each House of Parliament.