SCHEDULES

F1SCHEDULE 4BAdditional pension: accrual rates for purposes of section 45(2)(d)

Annotations:
Amendments (Textual)
F1

Sch. 4B inserted (26.9.2007) by Pensions Act 2007 (c. 22), s. 30(3), Sch. 2 para. 1

Part 3Contracted-out employment

Amount A: assumed F5earnings factor exceeding LET

Annotations:
Amendments (Textual)
F5

Words in Sch. 4B para. 9 cross-heading substituted (3.1.2012) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 4 para. 12(7); S.I. 2011/3033, art. 2(c)(xii)

9

1

Amount A is calculated in accordance with this paragraph if F2the pensioner's assumed earnings factor for the year exceeds the LET.

2

In such a case, amount A is calculated as follows—

a

take the part of the F4assumed earnings factor for the year which exceeds the LET F3...;

b

multiply that amount 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 the amount found under paragraph (b) by 10%;

d

divide the amount found under paragraph (c) by 44;

e

add the amount found under paragraph (d) to the flat rate amount for the year.

3

The flat rate amount for the year is calculated by multiplying the FRAA in accordance with the last order under section 148AA of the Administration Act to come into force before the end of the final relevant year.