SCHEDULES
SCHEDULE 5PENSION INCREASE OR LUMP SUM WHERE ENTITLEMENT TO RETIREMENT PENSION IS DEFERRED
Increase of pension where pensioner’s deceased spouse or civil partner has deferred entitlement
7
F1(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(2)
Where an amount is required to be calculated in accordance with the provisions of F2paragraph 5, 5A, 6 or 6A or sub-paragraph (1) above—
(a)
the amount so calculated shall be rounded to the nearest penny, taking any 1/2p as nearest to the next whole penny above; and
(b)
where the amount so calculated would, apart from this sub-paragraph, be a sum less than 1/2p, that amount shall be taken to be zero, notwithstanding any other provision of this Act, the Pensions Act or the Administration Act.