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 1Amount for purposes of section 45(2)(d)

1

1

The amount referred to in section 45(2)(d) is to be calculated as follows—

a

calculate the appropriate amount for each of the relevant years within section 45(2)(d) to which Part 2 of this Schedule applies;

b

calculate the appropriate amount for each of the relevant years within section 45(2)(d) to which Part 3 of this Schedule applies; and

c

add those amounts together.

2

But if the resulting amount is a negative one, the amount referred to in section 45(2)(d) is nil.