Part I Pensions
Occupational pension schemes
9 Guaranteed minimum pensions.
F11
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F12
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F13
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F14
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F15
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F16
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F17
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C18
In section 59 of that Act (increase of official pensions) the following subsection shall be inserted after subsection (5)—
5A
Nothing in section 37A(13), (14) or (15) above authorises any deduction from an increase in the rate of an official pension under this section.
C19
In section 59A of that Act (modification of effect of section 59(5)) the following subsection shall be inserted after subsection (2)—
2A
Where in any tax year—
a
an increase is calculated in accordance with a direction under this section; and
b
the amount by reference to which the increase is calculated, or any part of it, is increased in that tax year under section 37A above,
the increase calculated in accordance with the direction shall be reduced by the amount of the increase under section 37A above.