752. Quality requirements for occupational pension schemes.

A money purchase scheme1 that has its main administration in the United Kingdom2 satisfies the quality requirement in relation to a jobholder3 if under the scheme: (1) the jobholder's employer4 must pay contributions in respect of the jobholder; (2) the employer's contribution, however calculated, must be equal to or more than 3 per cent of the amount of the jobholder's qualifying earnings5 in the relevant pay reference period6; (3) the total amount of contributions paid by the jobholder and the employer, however calculated, must be equal to or more than 8 per cent of the amount of the jobholder's