The Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2026

http://www.legislation.gov.uk/nisr/2026/52/made/data.pdf
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Service Bank Accounts 5% Remittances 3%
Specialism Regulatory Reporting 5% Data Governance 5%
2026-03-16 11:44:03 · csoo@vixio.com
ID
2969802
GUID
52b4cb5b5e2ead5b32b3062d600df7a9

Classification

Service
Bank Accounts (5%)

This update concerns social security pension calculations and earnings factor revaluations for Northern Ireland's welfare system, which falls entirely outside the payments and financial services regulatory scope.

Remittances (3%)

No secondary tag is appropriate; this administrative social security order has no connection to payment services, financial institutions, or payments regulation.

Specialism
Regulatory Reporting (5%)

This update concerns Northern Ireland's social security pension revaluation and has no connection to payment services, financial institutions, or payments compliance regulation.

Data Governance (5%)

While the update involves administrative calculations and revaluation percentages, it does not relate to payment firms, payment systems, or any payments compliance domain.

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TITLE: Northern Ireland's Department for Communities Revalues Earnings Factors for Social Security Purposes BODY: On 12 March 2026, Northern Ireland's Department for Communities made the Social Security Revaluation of Earnings Factors Order (Northern Ireland) 2026, which comes into operation on 6 April 2026. The Order directs that earnings factors for specified tax years are increased by the percentages outlined in the Order's Schedule. These revaluations apply to calculations of additional pension in long-term benefits (now primarily relevant to inherited additional pension), guaranteed minimum pensions, and other calculations required under Part III of the Pension Schemes (Northern Ireland) Act 1993. The earnings factors are revalued to 2025-2026 earnings levels. The percentages specified for tax years from 2000-2001 onwards are also used to revalue state scheme pension debits and credits under the Pensions Act (Northern Ireland) 2015. The percentage for 2015-2016 is used to increase flat-rate accrual amounts of additional pension under the Social Security Contributions and Benefits (Northern Ireland) Act 1992. The Order includes a rounding provision for fractional amounts: where an earnings factor relevant to additional pension calculations would not otherwise be expressed as a whole number of pounds, fractions less than one half are rounded down and all other fractions are rounded up. The revaluation percentages range from 1,231.1 percent for 1978-1979 to 4.8 percent for 2025-2026, reflecting cumulative earnings growth over the decades. This Order corresponds to an equivalent order made by the Secretary of State for Work and Pensions for Great Britain under section 148 of the Social Security Administration Act 1992, ensuring consistency across the United Kingdom's social security systems.
  • Scraped:2026-03-16 11:44:03
  • Created:2026-03-16 11:44:02
  • By:csoo@vixio.com (59)