http://www.legislation.gov.uk/id/ukpga/2004/12

SCHEDULES

SCHEDULE 30Registered pension schemes: employer loans

“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—

\frac{L + TIP}{TLY} \times NLY

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.