SCHEDULES

F1SCHEDULE 4AAdditional pension: accrual rates for purposes of section 45(2)(c)

Part III Contracted-out employment etc

Amount A

5

(1)

Amount A is to be calculated as follows.

(2)

If there is an assumed surplus in the pensioner’s earnings factor for the year—

(a)

calculate the part of the surplus for that year falling into each of the bands specified in the appropriate table below;

(b)

multiply the amount of each such part in accordance with the last order under section 148 of the Administration Act to come into force before the end of the final relevant year;

(c)

multiply each amount found under paragraph (b) above by the percentage specified in the appropriate table in relation to the appropriate band;

(d)

add together the amounts calculated under paragraph (c) above.

(3)

The appropriate table for persons attaining pensionable age after the end of the first appointed year but before 6th April 2009 is as follows—

Table 3

Amount of surplus

Percentage

Band 1.

Not exceeding LET

40 + 2N

Band 2.

Exceeding LET but not exceeding 3LET - 2QEF

10 + N/2

Band 3.

Exceeding 3LET - 2QEF

20 + N

(4)

The appropriate table for persons attaining pensionable age on or after 6th April 2009 F2where the tax year concerned falls before 2010-11 is as follows—

Table 4

Amount of surplus

Percentage

Band 1.

Not exceeding LET

40

Band 2.

Exceeding LET but not exceeding 3LET - 2QEF

10

Band 3.

Exceeding 3LET - 2QEF

20

F3(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 surplus

Percentage

Band 1

Not exceeding LET

40

Band 2

Exceeding LET F4...

10