UK NI NIA Minimum Pensions Order

Published on: Mar 18, 2025

On Mar. 14, UK NI NIA issued minimum pensions increase order 2025.

  • UK NI NIA issued Guaranteed minimum pensions increase order (NI) 2025.
  • NI Order (SR 2025/52) corresponds to StIn 2025/264 made by UK Secretary of State for Work and Pensions under S109(4), Pension Schemes Act 1993, see #203453.
  • Specifies 1.7% as percentage by which that part of guaranteed minimum pensions attributable to earnings factors for tax years 1988-1989 to 1996-1997, and payable by contracted-out, defined benefit occupational pension schemes, is to be increased.
  • For purposes of section 105(1), Pension Schemes (Northern Ireland) Act 1993.
  • Effectiveness
  • Order comes into force on Apr. 6, 2025.
Regulators
UK NI NIA
Entity Types
CNSM; Pension
Reference
SR 2025/52, 3/14/2025;
Functions
Compliance; Financial; HR; Legal; Operations; Reporting; Treasury
Countries
Northern Ireland
Category
State
N/A
Products
Pensions; Retirement Plan
Rule Type
Final
Regions
EMEA
Rule Date
Mar 14, 2025
Effective Date
Apr 6, 2025
Rule ID
247113
Linked to
N/A
Reg. Last Update
Mar 14, 2025
Report Section
UK