- (b) subject to sections 9 and 10, deduct from the relevant income of each relevant employee in his employ a sum (“relevant employee’s contribution”) equivalent to the percentage contribution specified in Part II of Schedule 4 in respect of that relevant income;
- (c) no later than 7 working days following the payment by the employer of relevant income (less the deductions under paragraph (b)) to the relevant employees in his employ, remit to the trustee of the registered scheme the aggregate of the employer’s contributions in respect of all of those relevant employees, together with all the relevant employees’ contributions.
(4) Subject to sections 9 and 10, every self-employed person shall become a member of a registered scheme and shall contribute to the registered scheme from his own resources and for his own benefit a sum (“self-employed person’s contribution”) equivalent to the percentage contribution specified in Part III of Schedule 4 in respect of his relevant income in accordance with regulations made under section 46.
(5) Without prejudice to any right, benefit or entitlement under a registered scheme, no relevant employee shall have any claim against his employer in relation to any relevant employee’s contributions that his employer has deducted from that relevant employee’s relevant income.
(6) The regulations referred to in subsection (4) may include the following requirements, namely—
- (a) prescribing the methods of the calculation of the relevant income of a self-employed person;
- (b) prescribing what constitutes, and what does not constitute, relevant income for the purpose of those calculations;
- (c) prescribing when a self-employed person’s contributions in respect of relevant income of a self-employed person become due and payable;
- (d) the making of reports to the Authority in respect of the relevant income of self-employed persons.
(7) The Authority may make rules under section 47 to prescribe measures to be taken by employers, relevant employees, self-employed persons and trustees of registered schemes for the purpose of compliance with subsections (1), (2), (3) and (4).
8. Statutory minimum contribution
(1) The statutory minimum contribution in relation to a registered. scheme shall, in respect of the relevant income of relevant employees, be the aggregate of sums equivalent to the percentage contributions by the employer
