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General
GENERAL
LEGACY INFORMATION RELEVANT PRIOR TO 6 APRIL 2006
The number of earnings caps per individual depends on the number of employments, whether employments are associated or not and the pension position for each employment.
If employments are all associated then there is only one earnings cap allowable to cover all schemes from the associated employments.
If employments are not associated then the situation is different.
Each employment that is pensioned under an OPS has an individual earnings cap. All other employments without an OPS have one earnings cap between them. See example below:
Employment A - OPS
Employment B - No OPS
Employment C - OPS
Employment D ¿ No OPS.
In the above example there are 3 earnings cap available one for A, one for C and one to cover both B and D together.
N.B. if you have more than one source of earnings and none of them are covered by an OPS then only 1 cap applies when calculating the maximum PP contribution whether the employments are related or not.
