The Social Security (Contributions) (Amendment No 6) Regulations, SI 2023/823, exclude compensation payments made under the public service pensions remedy from the calculation of earnings for Class 1 NICs purposes. This NICs disregard mirrors the tax exemption in the Public Service Pensions Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations, SI 2023/113.
Part 1 of the Public Service Pensions and Judicial Offices Act 2022 contains rectification of discrimination provisions arising out of the public service pension reforms implemented in 2015. Those provisions include payments of compensation to affected members of public service pension schemes which will start to be made from 1 October 2023. The regulations come into force on 9 August 2023.
The Social Security (Contributions) (Amendment No 6) Regulations, SI 2023/823, exclude compensation payments made under the public service pensions remedy from the calculation of earnings for Class 1 NICs purposes. This NICs disregard mirrors the tax exemption in the Public Service Pensions Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations, SI 2023/113.
Part 1 of the Public Service Pensions and Judicial Offices Act 2022 contains rectification of discrimination provisions arising out of the public service pension reforms implemented in 2015. Those provisions include payments of compensation to affected members of public service pension schemes which will start to be made from 1 October 2023. The regulations come into force on 9 August 2023.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")