An earner1 has a guaranteed minimum in relation to the pension provided by a scheme that was a salary related contracted-out scheme2 if in any tax week3 in a relevant year4, earnings were paid to or for the earner's benefit in respect of employment5 which was contracted-out by reference to the scheme and those earnings were in excess of the lower earnings limit6 for that tax week (or the prescribed equivalent if the earner was paid otherwise than weekly)7. The guaranteed minimum must be the weekly equivalent8 of an amount equal to the appropriate percentage9 of the total of
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234