SCHEDULES

SCHEDULE 3Consolidation of additional pension

Social Security Contributions and Benefits Act 1992 (c. 4)

2

1

Section 45 (the additional pension in a Category A retirement pension) is amended as follows.

2

In subsection (2) (as amended by section 102(3) of the Pensions Act 2008) for “6th April 2020” substitute “ a date specified for the purposes of this subsection by order (“the specified date”) ”.

3

In subsection (2A) (as inserted by section 102(4) of the Pensions Act 2008)—

a

in the opening words for “a tax year after 5th April 2020” substitute “ the tax year beginning with the specified date or a subsequent tax year ”;

b

in paragraph (a) for “flat rate introduction” substitute “ additional pension consolidation ”;

c

for paragraph (b) substitute—

b

in relation to the additional pension consolidation year and subsequent years, the weekly equivalent of the amount calculated in accordance with Schedule 4B to this Act.