SCHEDULES

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

Part 3Contracted-out employment

Application

6

This Part applies to a relevant year if F2—

(a)

the contracted-out condition is satisfied in respect of each tax week in the year; F3and

(b)

there would be a surplus in the pensioner's earnings factor for the year if section 48A of the Pension Schemes Act 1993 did not apply in relation to any tax week falling in the year.