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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Judicial Pensions (Contributions) (Amendment) Regulations 2016 No. 30 URL: http://www.bailii.org/uk/legis/num_reg/2016/uksi_201630_en_1.html |
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Statutory Instruments
Pensions
Made
14th January 2016
Laid before Parliament
15th January 2016
Coming into force
5th February 2016
The Lord Chancellor and, in relation to offices existing only in Scotland or to any judicial office whose jurisdiction is exercised exclusively in relation to Scotland, the Secretary of State, in exercise of the powers conferred by section 8A(1) of the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960(1), section 33ZA(1) and (6)(b) of the Judicial Pensions Act 1981(2) and sections 9A(1) and 29(6) of the Judicial Pensions and Retirement Act 1993(3), and with the consent and concurrence of the Treasury, make the following Regulations:
1. These Regulations may be cited as the Judicial Pensions (Contributions) (Amendment) Regulations 2016 and come into force on 5th February 2016.
2.-(1) The Judicial Pensions (Contributions) Regulations 2012(4) are amended as follows.
(2) For regulation 3 (rate of contributions) substitute-
"3.-(1) Contributions under-
(a)section 8A of the 1960 Act;
(b)section 33ZA of the 1981 Act, or
(c)section 9A of the 1993 Act,
must be made as follows.
(2) A person who, when their salary becomes due, has an annual salary of £150,000 or less must make contributions at a rate of 2.61% of their salary for the time being as it becomes due.
(3) A person who, when their salary becomes due, has an annual salary of more than £150,000 must make contributions at a rate of-
(a)2.61% of their salary up to and including £150,000, and
(b)4.43% of their salary in excess of £150,000,
for the time being as it becomes due.".
Michael Gove
Lord Chancellor
Ministry of Justice
13th January 2016
David Mundell
Secretary of State for Scotland
6th January 2016
We concur and consent
Charlie Elphicke
Mel Stride
Two of the Lords Commissioners of Her Majesty's Treasury
14th January 2016
(This note is not part of the Regulations)
These Regulations change the rate at which contributions are to be paid by members of judicial pension schemes established in accordance with the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 (c. 2 (N.I.)), the Judicial Pensions Act 1981 (c. 20) and the Judicial Pensions and Retirement Act 1993 (c. 8). The rate is changed so that members of those judicial pension schemes pay the same rate of contributions paid by members of the pension scheme established by the Judicial Pensions Regulations 2015 (S.I. 2015/182), after tax relief.
A full impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
1960 c. 2 (N.I.); amended by the Pensions Act 2011 (c. 19), Schedule 5, paragraph 1. Citation of the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 was amended by S.R. (NI) 2008 No.154.
1981 c. 20; amended by the Pensions Act 2011, Schedule 5, paragraph 2.
1993 c. 8; amended by the Pensions Act 2011, section 34(1) and by the Pension Schemes Act 2015 (c. 8), Schedule 5, paragraph 8.
S.I. 2012/516; amended by S.I. 2013/484 and 2014/483.
