SCHEDULES

SCHEDULE 30 U.K. Registered pension schemes: employer loans

Amount of unauthorised payment U.K.

Amount A U.K.

14 (1) Amount A arises if paragraph (a) of section 179(2) (interest rate to be not less than prescribed amount) is not complied with. U.K.

(2) Amount A is—

where—

• IR is the rate of interest payable at the relevant time,

• PIR is the rate of interest prescribed by regulations under that paragraph, and

• AO is the amount owing (not including interest) at the relevant time.

Commencement Information

I1 Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284