SCHEDULE 4 Priority in Bankruptcy etc
Pension Schemes Act 1993 (1993 c 48) | Legislation

SCHEDULE 4 Priority in Bankruptcy etc

Section 128

Earner's contributions to occupational pension scheme

1

This Schedule applies to any sum owed on account of an earner's contributions to an occupational pension scheme being contributions deducted from earnings paid in the period of four months immediately preceding the relevant date or otherwise due in respect of earnings paid or payable in that period.

Employer's contributions to occupational pension scheme

2

[(1)     This Schedule applies to any sum owed on account of an employer's contributions to a [Northern Ireland] salary related contracted-out scheme which were payable in the period of 12 months immediately preceding the relevant date.

(1A)     The amount of the debt having priority by virtue of sub-paragraph (1) shall be taken to be an amount equal to the appropriate amount.

(2)     . . .

(3)     . . .

(3A)     In sub-paragraph (1A) . . . “the appropriate amount†means the aggregate of—

(a)     the percentage for non-contributing earners of the total reckonable earnings paid or payable, in the period of 12 months referred to in sub-paragraph (1) . . ., to or for the benefit of non-contributing earners; and

(b)     the percentage for contributing earners of the total reckonable earnings paid or

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