Finance Act 2004 (c. 12)

SCHEDULES

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

Definitions U.K.

Required amount U.K.

4 U.K. “The required amount”, in relation to a period beginning with the date on which the loan is made and ending with the last day of a loan year, is—

where—

L is the amount of the loan,

TIP is the total interest payable on the loan,

TLY is the total number of loan years, and

NLY is the number of loan years in the period.

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