SCHEDULES

[F1SCHEDULE 4BE+W+SAdditional pension: accrual rates for purposes of section 45(2)(d)

Textual Amendments

12E+W+SIn this Schedule—

F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“the contracted-out condition”, in relation to a tax week, means the condition that any earnings paid to or for the benefit of the pensioner in that week in respect of employment were in respect of employment qualifying him for a pension provided by a salary related contracted-out scheme (within the meaning of the Pension Schemes Act 1993);
“the FRAA” has the meaning given by paragraph 13;
“the LET”, in relation to a tax year, means the low earnings threshold for the year as specified in section 44A above;
“the QEF”, in relation to a tax year, means the qualifying earnings factor for the year;
[F3“the pensioner's assumed earnings factor”, in relation to a year, means the earnings factor that the pensioner would have for the year if section 48A(1) of the Pension Schemes Act 1993 did not apply in relation to any tax week falling in the year;]
“relevant year” and “final relevant year” have the same meanings as in section 44 above;
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

Textual Amendments