The Pensions Act 2014 (Consequential Amendments) (Units of Additional Pension) Order 2014
This Order makes consequential amendments to primary and secondary legislation as a result of the introduction on 12 October 2015 of Class 3A voluntary national insurance contributions. A person may pay a Class 3A contribution in return for a unit of additional pension which results in an increase in the weekly rate of the additional pension in a category A, B or D retirement pension. This was provided for by section 14A of the Social Security Contributions and Benefits Act 1992 which was inserted by paragraph 3 of Schedule 15 to the Pensions Act 2014.
Lifecycle
Department
Made
04 Dec 2014
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In force
12 Oct 2015
Enabling power
A draft of this instrument was laid before Parliament in accordance with section 54(2)(c) of the Pensions Act 2014 and approved by a resolution of each House of Parliament.
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