Postponement of compensation

16A

1

Regulations may prescribe circumstances in which, and conditions subject to which, a person who becomes entitled to periodic compensation under paragraph 4 or 6 may elect to postpone the commencement of periodic compensation under that paragraph.

2

Where the commencement of periodic compensation under paragraph 4 or 6 ceases to be postponed, the Board must determine—

a

the relevant amount, as at the time the periodic compensation would have commenced if its commencement had not been postponed, and

b

the amount in paragraph (a), increased in accordance with actuarial factors published by the Board.

3

References in this Schedule to the amount of an actuarial increase under this paragraph are to the difference between the amounts in sub-paragraphs (2)(a) and (2)(b).

4

In sub-paragraph (2) the “relevant amount” means (as appropriate)—

a

the amount mentioned in paragraph 4(3)(a), or

b

the aggregate of the amounts mentioned in paragraph 6(3)(a) and (b).