10ABContributions according to scale graduated by age etc

10AB Contributions according to scale graduated by age etc

10AB Contributions according to scale graduated by age etc

Except where otherwise provided by this Act—

(a) the amount of contribution to be paid by a contributor shall be based upon the number of units of pension for which the contributor contributes, upon the sex of the contributor, and, in the case of a woman contributor, upon whether she contributes for a pension payable at the age of 55 years or 60 years, and shall be in accordance with the tables of contributions fixed by or under this Act, and

(b) the amount of contribution to be paid by the contributor in respect of—

(i) a unit for which the contributor commences to contribute as from the contributor’s entry payment day shall be based upon the age of the contributor at the contributor’s entry payment day,

(ii) a unit for which the contributor commences to contribute as from the contributor’s annual adjustment day in any half-year shall be based upon the age of the contributor at the contributor’s annual adjustment day in that half-year, or

(iii) a unit for which the contributor contributes as from the contributor’s exit day shall be based upon the age of the contributor at the contributor’s exit day.

s 10AB: Ins 1976 No 101, Sch 3 (3).