Statutory Instruments
2013 No. 529
Social Security
The Social Security Pensions (Flat Rate Accrual Amount) Order 2013
Made
6th March 2013
Laid before Parliament
11th March 2013
Coming into force
6th April 2013
In accordance with section 148AA(1) (revaluation of flat rate accrual amount) of the Social Security Administration Act 1992( 1 ), the Secretary of State has reviewed the general level of earnings obtaining in Great Britain.
It appears to the Secretary of State that the general level of earnings has increased during the review period.
The Secretary of State makes the following Order in exercise of the powers conferred by section 148AA(3) to (6) of the Social Security Administration Act 1992.
Citation and commencement
1. This Order may be cited as the Social Security Pensions (Flat Rate Accrual Amount) Order 2013 and shall come into force on 6th April 2013.
Flat Rate Accrual Amount
2. For the purpose of paragraph 13(2) of Schedule 4B to the Social Security Contributions and Benefits Act 1992( 2 ), the flat rate accrual amount for the tax year beginning 6th April 2013 and subsequent tax years shall be £91.00.
Signed by authority of the Secretary of State for Work and Pensions
Steve Webb
Minister of State
Department for Work and Pensions
6th March 2013
1992 c. 5 . Section 148AA was inserted by paragraph 2 of Schedule 2 to the Pensions Act 2007 (c. 22) .
1992 c. 4 . Schedule 4B was inserted by paragraph 1 of Schedule 2 to the Pensions Act 2007 (c. 22) .