Point in time view as at 14/07/2014.
Pensions Act 2004, Paragraph 12 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
12E+W+SAfter paragraph 7B (inserted by paragraph 11 of this Schedule) insert—
7C(1)Any lump sum calculated under paragraph 3B or 7B must be rounded to the nearest penny, taking any 1/2p as nearest to the next whole penny above.
(2)In prescribing a percentage rate for the purposes of paragraphs 3B and 7B, the Secretary of State must have regard to—
(a)the national economic situation, and
(b)any other matters which he considers relevant.”
Commencement Information
I1Sch. 11 wholly in force at 6.4.2005; Sch. 11 in force at Royal Assent for specified purposes and otherwise at 6.4.2005 see s. 322
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