Search Legislation

Advanced Search

The Pension Protection Fund (Contributions Equivalent Premium) Regulations 2007

Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
Help about opening options

Opening Options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Amendment of the Contracting-out Regulations (NI) - Northern Ireland

This section has no associated Explanatory Memorandum

5.  The Contracting-out Regulations (NI)(1) are amended as follows—

(a)in regulation 51 (contributions equivalent premiums), after paragraph (1)(2), insert—

“(1ZA) But where a contributions equivalent premium is payable by the Board of the Pension Protection Fund, the prescribed person for the purposes of section 51(2) of the Act is the Board of the Pension Protection Fund.

(1ZB) In this Part, where paragraph (1ZA) applies—

(a)except in regulation 52(1), references to “the trustees of the scheme”, “the trustees” or “the trustees of a scheme” shall be read as references to “the Board of the Pension Protection Fund”; and

(b)references to “the resources of the scheme” shall be read as references to “the Pension Protection Fund being the Pension Protection Fund specified in section 173(1) of the Pensions Act 2004 (Pension Protection Fund)”.”; and

(b)in regulation 52 (payment of a contributions equivalent premium), after paragraph (1)(3), insert—

“(1ZA) But where regulation 51(1ZA) applies, the Board of the Pension Protection Fund shall pay the contributions equivalent premium on or before whichever is the later of the following days—

(a)the day 6 months after the date the assessment period (construed in accordance with Article 116 of the 2005 Order) ended, or

(b)the day one month after the day on which Her Majesty’s Revenue and Customs sends to the person liable to pay the contributions equivalent premium a notice certifying the amount of the premium payable.”.

(1)

Part 6 was amended by S.R. 1997 No. 160, 1998 No. 208 and 2005 No. 433, and S.I. 2002/681, 2005/3029 and 3377 and 2006/778. See also Article 3(2) of, and Schedule 2 to, the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999.

(2)

Regulation 51(1) was substituted with regulation 51(1) to (1C) by S.I .2002/681.

(3)

Regulation 52(1) was amended by S.I. 2002/681.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources