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.