---

Pensions Bill [HL]

36: After Clause 9, insert the following new Clause— ““Voluntary and additional voluntary contributions into NESTs After section 15A of the 2008 Act (as inserted by section (Transfers-in before decumulation)) insert— ““15B Voluntary and additional voluntary contributions into NESTs (1) The Secretary of State shall by regulations provide that a jobholder who in a preceding tax year or years after the commencement of NESTs has not paid contributions up to the maximum employee contribution limit for the year or years in question may at any time pay voluntary contributions up to the total of the maximum employee contribution limit for each of those years. (2) The jobholder shall not be entitled to require the employer to pay the employer’s contribution on voluntary contributions paid under subsection (1). (3) The jobholder may exercise the right to pay additional voluntary contributions equal to the total amount of the contributions which would have been paid by the employer if the contributions in subsection (1) had not been voluntary. (4) Voluntary contributions shall attract tax relief at the applicable rate. (5) For the purposes of this section, rounding-up under section 9 above shall apply.””””