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Statutory Instrument 2002 No. 36

The Social Security Pensions (Low Earnings Threshold) Order 2002

(The document as of February, 2008. Arhiv.Online Library)

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STATUTORY INSTRUMENTS


2002 No. 36


SOCIAL SECURITY


The Social Security Pensions (Low Earnings Threshold) Order 2002

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 Made9th January 2002 
 Laid before Parliament17th January 2002 
 Coming into force6th April 2002 

The Secretary of State for Work and Pensions, in exercise of powers conferred on him by section 148A of the Social Security Administration Act 1992[1], and of all other powers enabling him in that behalf, it having appeared to the Secretary of State on a review under that section that the general level of earnings in Great Britain has increased during the review period[2], hereby makes the following Order:

Citation and commencement
    1.This Order may be cited as the Social Security Pensions (Low Earnings Threshold) Order 2002 and shall come into force on 6th April 2002.

Low earnings threshold
    2.It is hereby directed that for the purposes of the Social Security Contributions and Benefits Act 1992[3], the low earnings threshold for the tax years following the tax year 2001-2002 shall be Ј10,800.



Signed by authority of the Secretary of State for Work and Pensions.


Ian McCartney
Minister of State, Department for Work and Pensions.

9th January 2002



EXPLANATORY NOTE

(This note is not part of the Order)


This Order is made following a review by the Secretary of State under section 148A(1) of the Social Security Administration Act 1992 (c.5) of the general level of earnings in Great Britain with a view to determining whether, and if so by how much, the amount of the low earnings threshold for the purposes of the Social Security Contributions and Benefits Act 1992 (c.4) should be increased for any future tax years. As a result of that review, it appears to the Secretary of State that the general level of such earnings during the period from 1st October 1998 to 30th September 2001 has increased by 10%.

This Order directs that the low earnings threshold for the tax years following 2001-2002 shall be Ј10,800. The low earnings threshold is the amount by reference to which the three surplus earnings bands are determined for the purpose of calculating the additional pension (the state second pension) in a state retirement pension.


Notes:

[1] 1992 c.5. Section 148A was inserted by section 33(1) of the Child Support, Pensions and Social Security Act 2000 (c.19).back

[2] See subsections (1) and (2) of section 148A.back

[3] 1992 c.4.back



ISBN 0 11 039184 5


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