delete The Social Security (Reduced Rates of Class 1 Contributions, and Rebates) (Money Purchase Contracted-out Schemes) Order 2001
This Order sets reduced Class 1 National Insurance contribution rates and rebates for money purchase contracted-out pension schemes for tax years 2002-2003 to 2006-2007, specifying flat-rate percentages (1.6% primary, 1% secondary) and age-related percentages per the Schedule.
This instrument is entirely obsolete — it governs tax years 2002-2007, nearly two decades past. The contracted-out pension framework it supported was fundamentally reformed by the Pensions Act 2007 and subsequently abolished for most schemes from April 2012, replaced by the single tier State Pension. Such historical rate-setting for a defunct pension architecture serves no current purpose and adds unnecessary legislative clutter.