2012 No. 98
The Occupational and Personal Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2012
Approved by resolution of the Assembly on 11th September 2012
Made
Coming into operation
The Department for Social Development makes the following Regulations in exercise of the powers conferred by sections 170 and 177(2) of the Pension Schemes (Northern Ireland) Act 1993 F1, and now vested in it F2, and Article 103(1) and (3) of the Pensions (Northern Ireland) Order 2005 F3.
In accordance with Article 103(4) of that Order it has consulted the Board of the Pension Protection Fund F4 in relation to regulation 3.
See Article 8(b) of S.R. 1999 No. 481
The Board of the Pension Protection Fund is established by section 107 of the Pensions Act 2004 (c. 35)
Citation, commencement and interpretation1
1
These Regulations may be cited as the Occupational and Personal Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2012 and shall come into operation on 1st April 2012.
2
The Interpretation Act (Northern Ireland) 1954 F5 shall apply to these Regulations as it applies to an Act of the Assembly.
Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations2
1
The Occupational and Personal Pension Schemes (General Levy) Regulations (Northern Ireland) 2005 F6 are amended in accordance with paragraphs (2) and (3).
2
In regulation 5 (amount of the general levy: occupational pension schemes) for the Table F7 substitute—
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£29
12 to 99
£2∙88 x M
100 to 999
£2∙08 x M
£290
1,000 to 4,999
£1∙62 x M
£2,080
5,000 to 9,999
£1∙23 x M
£8,100
10,000 or more
£0∙86 x M
£12,300
3
In regulation 6 (amount of the general levy: personal pension schemes) for the Table F8 substitute—
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£12
12 to 99
£1∙15 x M
100 to 999
£0∙81 x M
£120
1,000 to 4,999
£0∙69 x M
£810
5,000 to 9,999
£0∙46 x M
£3,450
10,000 or more
£0∙35 x M
£4,600
Amendment of the Occupational Pension Schemes (Levies) RegulationsF113
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Revocations4
The following Regulations are revoked—
a
the Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations (Northern Ireland) 2008 F9;
b
the Occupational Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2008 F10.
Sealed with the Official Seal of the Department for Social Development on 7th March 2012
1993 c. 49; section 170 was substituted by Article 161 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) and amended by paragraph 3 of Schedule 1, paragraph 23 of Schedule 10 and Schedule 11 to the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) and paragraph 1 of Schedule 1 to the Pensions Regulator Tribunal (Transfer of Functions) Act (Northern Ireland) 2010 (c. 4 (N.I.))