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Pensions Act 2007

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10Additional pension: removal of accrual band from 2010-11E+W+S

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(1)Schedule 4A to the SSCBA (additional pension) is amended as follows.

(2)In Part 2 (surplus earnings factor) in paragraph 2 (calculation of amount where there is a surplus in pensioner's earnings factor)—

(a)in sub-paragraph (4), after “2009” insert “where the tax year concerned falls before 2010-11 ”;

(b)after sub-paragraph (4) insert—

(4A)The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows—

TABLE 2A
Amount of surplusPercentage
Band 1Not exceeding LET40
Band 2Exceeding LET but not exceeding AUEL10;

(c)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)In Part 3 (contracted-out employment) in paragraph 5 (calculation of amount A)—

(a)in sub-paragraph (4), after “2009” insert “ where the tax year concerned falls before 2010-11 ”;

(b)after sub-paragraph (4) insert—

(4A)The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows—

TABLE 4A
Amount of surplusPercentage
Band 1Not exceeding LET40
Band 2Exceeding LET but not exceeding AUEL10.

(4)In paragraph 7 (calculation of amount B second case)—

(a)in sub-paragraph (4), after “2009” insert “ where the tax year concerned falls before 2010-11 ”;

(b)after sub-paragraph (4) insert—

(4A)The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows—

TABLE 6A
Amount of surplusPercentage
Band 1Not exceeding LET40
Band 2Exceeding LET but not exceeding AUEL10.

(5)F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)For the heading for that Schedule substitute “Additional pension: accrual rates for purposes of section 45(2)(c)”.

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