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

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1

This paragraph applies where a full-time or part-time contributor revokes his election made under regulation C3 in accordance with paragraph (10) of that regulation.

2

Where this paragraph applies, the person is entitled to count as reckonable service—

A×CBmath

where—

  • A is the past period;

  • B is the contribution period; and

  • C is—

    1. a

      where the person is a full-time contributor, so much of B as had elapsed by the first day of the month following the date on which the revocation of that election has effect in accordance with regulation C3(13); and

    2. b

      where the person is a part-time contributor, the period which the person is entitled to count as reckonable service which arises from so much of the contribution period as had elapsed by the date referred to in head (a).