SCHEDULE 7Reckonable service arising from payment of additional contributions in respect of past periods

5

If a person had elected under paragraph 4 of Schedule 4 to shorten the contribution period—

a

he is in any case entitled to count as reckonable service

A×HGmath

where

  • G is the original contribution period and H is so much of it as had elapsed by the effective date of the election; and

b

paragraphs 3 and 4 have effect with the substitution—

i

as A, of

A-(A×HG),math

ii

as B, of the shortened contribution period;

iii

as D, of the period from the effective date of the election to his 60th birthday; and

c

the definition of C in paragraph 3(3) shall have effect with the substitution for the words “the contribution period” of the words “the shortened contribution period”.