- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
14.—(1) Subject to paragraph 15, the amount of the additional contributions is to be paid in equal monthly instalments.
(2) The amount of the additional contributions is C × D × E, where–
C is the Method B sum,
D is the number of instalments to be paid, and
E is the multiplier ascertained from, or where the contribution period is not an exact number of years by extrapolation from, the appropriate Table.
(3) Where paragraph 13(2) applies, the appropriate Table is Table 4 below.
Range within which relevant rate of interest falls | Contribution period in years and multiplier | ||||
---|---|---|---|---|---|
% | 1 | 2 | 3 | 4 | 5 |
5.00- 5.49 | 0.0860 | 0.0443 | 0.0304 | 0.0235 | 0.0194 |
5.50- 5.99 | 0.0863 | 0.0445 | 0.0306 | 0.0237 | 0.0196 |
6.00- 6.49 | 0.0865 | 0.0448 | 0.0309 | 0.0239 | 0.0198 |
6.50- 6.99 | 0.0867 | 0.0450 | 0.0311 | 0.0242 | 0.0200 |
7.00- 7.49 | 0.0869 | 0.0452 | 0.0313 | 0.0244 | 0.0203 |
7.50- 7.99 | 0.0872 | 0.0454 | 0.0315 | 0.0246 | 0.0205 |
8.00- 8.49 | 0.0874 | 0.0456 | 0.0318 | 0.0249 | 0.0207 |
8.50- 8.99 | 0.0876 | 0.0459 | 0.0320 | 0.0251 | 0.0210 |
9.00- 9.49 | 0.0878 | 0.0461 | 0.0322 | 0.0253 | 0.0212 |
9.50- 9.99 | 0.0881 | 0.0463 | 0.0324 | 0.0256 | 0.0214 |
10.00- 10.49 | 0.0883 | 0.0465 | 0.0327 | 0.0258 | 0.0217 |
10.50- 10.99 | 0.0885 | 0.0468 | 0.0329 | 0.0260 | 0.0219 |
11.00- 11.49 | 0.0887 | 0.0470 | 0.0331 | 0.0263 | 0.0222 |
11.50- 11.99 | 0.0890 | 0.0472 | 0.0334 | 0.0265 | 0.0224 |
12.00- 12.49 | 0.0892 | 0.0474 | 0.0336 | 0.0267 | 0.0226 |
12.50- 12.99 | 0.0894 | 0.0476 | 0.0338 | 0.0270 | 0.0229 |
13.00- 13.49 | 0.0896 | 0.0479 | 0.0340 | 0.0272 | 0.0231 |
13.50- 13.99 | 0.0898 | 0.0481 | 0.0343 | 0.0274 | 0.0234 |
14.00- 14.49 | 0.0901 | 0.0483 | 0.0345 | 0.0277 | 0.0236 |
14.50- 14.99 | 0.0903 | 0.0485 | 0.0347 | 0.0279 | 0.0239 |
15.00- 15.49 | 0.0905 | 0.0488 | 0.0350 | 0.0282 | 0.0241 |
15.50- 15.99 | 0.0907 | 0.0490 | 0.0352 | 0.0284 | 0.0244 |
16.00- 16.49 | 0.0910 | 0.0492 | 0.0354 | 0.0287 | 0.0246 |
16.50- 16.99 | 0.0912 | 0.0494 | 0.0357 | 0.0289 | 0.0249 |
17.00- 17.49 | 0.0914 | 0.0497 | 0.0359 | 0.0291 | 0.0251 |
17.50- 17.99 | 0.0916 | 0.0499 | 0.0361 | 0.0294 | 0.0255 |
18.00- 18.49 | 0.0919 | 0.0501 | 0.0364 | 0.0296 | 0.0257 |
18.50- 18.99 | 0.0921 | 0.0504 | 0.0366 | 0.0299 | 0.0260 |
19.00- 19.49 | 0.0923 | 0.0506 | 0.0369 | 0.0301 | 0.0262 |
19.50- 19.99 | 0.0925 | 0.0508 | 0.0371 | 0.0304 | 0.0265 |
(4) In any other case, the appropriate Table is Table 5 below.
Range within which relevant rate of interest falls | Contribution period in years and multiplier | |||
---|---|---|---|---|
% | 1 | 2 | 3 | 4 |
5.00- 5.49 | 0.0859 | 0.0441 | 0.0302 | 0.0233 |
5.50- 5.99 | 0.0861 | 0.0444 | 0.0305 | 0.0235 |
6.00- 6.49 | 0.0863 | 0.0446 | 0.0307 | 0.0238 |
6.50- 6.99 | 0.0865 | 0.0448 | 0.0309 | 0.0240 |
7.00- 7.49 | 0.0868 | 0.0450 | 0.0311 | 0.0242 |
7.50- 7.99 | 0.0870 | 0.0452 | 0.0314 | 0.0244 |
8.00- 8.49 | 0.0872 | 0.0455 | 0.0316 | 0.0247 |
8.50- 8.99 | 0.0874 | 0.0457 | 0.0318 | 0.0249 |
9.00- 9.49 | 0.0877 | 0.0459 | 0.0320 | 0.0251 |
9.50- 9.99 | 0.0879 | 0.0461 | 0.0323 | 0.0254 |
10.00- 10.49 | 0.0881 | 0.0463 | 0.0325 | 0.0256 |
10.50- 10.99 | 0.0883 | 0.0466 | 0.0327 | 0.0258 |
11.00- 11.49 | 0.0886 | 0.0468 | 0.0329 | 0.0260 |
11.50- 11.99 | 0.0888 | 0.0470 | 0.0332 | 0.0263 |
12.00- 12.49 | 0.0890 | 0.0472 | 0.0334 | 0.0265 |
12.50- 12.99 | 0.0892 | 0.0475 | 0.0336 | 0.0268 |
13.00- 13.49 | 0.0894 | 0.0477 | 0.0338 | 0.0270 |
13.50- 13.99 | 0.0897 | 0.0479 | 0.0341 | 0.0272 |
14.00- 14.49 | 0.0899 | 0.0481 | 0.0343 | 0.0275 |
14.50- 14.99 | 0.0901 | 0.0484 | 0.0345 | 0.0277 |
15.00- 15.49 | 0.0903 | 0.0486 | 0.0348 | 0.0279 |
15.50- 15.99 | 0.0906 | 0.0488 | 0.0350 | 0.0282 |
16.00- 16.49 | 0.0908 | 0.0490 | 0.0352 | 0.0284 |
16.50- 16.99 | 0.0910 | 0.0493 | 0.0355 | 0.0287 |
17.00- 17.49 | 0.0912 | 0.0495 | 0.0357 | 0.0289 |
17.50- 17.99 | 0.0914 | 0.0497 | 0.0359 | 0.0292 |
18.00- 18.49 | 0.0917 | 0.0499 | 0.0362 | 0.0294 |
18.50- 18.99 | 0.0919 | 0.0502 | 0.0364 | 0.0296 |
19.00- 19.49 | 0.0921 | 0.0504 | 0.0366 | 0.0299 |
19.50- 19.99 | 0.0923 | 0.0506 | 0.0369 | 0.0301 |
Range within which relevant rate of interest falls | Contribution period in years and multiplier | |||||
---|---|---|---|---|---|---|
% | 5 | 6 | 7 | 8 | 9 | 10 |
5.00- 5.49 | .0192 | .0164 | .0144 | .0130 | .0118 | .0109 |
5.50- 5.99 | .0194 | .0166 | .0147 | .0132 | .0121 | .0112 |
6.00- 6.49 | .0196 | .0168 | .0149 | .0135 | .0123 | .0114 |
6.50- 6.99 | .0198 | .0171 | .0151 | .0137 | .0126 | .0117 |
7.00- 7.49 | .0201 | .0173 | .0154 | .0139 | .0128 | .0119 |
7.50- 7.99 | .0203 | .0176 | .0156 | .0142 | .0131 | .0122 |
8.00- 8.49 | .0205 | .0187 | .0159 | .0144 | .0133 | .0125 |
8;.50- 8.99 | .0208 | .0180 | .0161 | .0147 | .0136 | .0127 |
9.00- 9.49 | .0210 | .0183 | .0164 | .0149 | .0139 | .0130 |
9.50- 9.99 | .0212 | .0185 | .0166 | .0152 | .0141 | .0133 |
10.00- 10.49 | .0215 | .0188 | .0169 | .0155 | .0144 | .0135 |
10.50- 10.99 | .0217 | .0190 | .0171 | .0157 | .0147 | .0138 |
11.00- 11.49 | .0220 | .0193 | .0174 | .0160 | .0149 | .0141 |
11.50- 11.99 | .0222 | .0195 | .0176 | .0162 | .0152 | .0144 |
12.00- 12.49 | .0224 | .0198 | .0179 | .0165 | .0155 | .0146 |
12.50- 12.99 | .0227 | .0200 | .0181 | .0168 | .0158 | .0149 |
13.00- 13.49 | .0229 | .0203 | .0184 | .0170 | .0160 | .0152 |
13.50- 13.99 | .0232 | .0205 | .0187 | .0173 | .0163 | .0155 |
14.00- 14.49 | .0234 | .0208 | .0189 | .0176 | .0166 | .0158 |
14.50- 14.99 | .0237 | .0210 | .0192 | .0179 | .0169 | .0161 |
15.00- 15.49 | .0239 | .0213 | .0195 | .0181 | .0172 | .0164 |
15.50- 15.99 | .0242 | .0215 | .0197 | .0184 | .0174 | .0167 |
16.00- 16.49 | .0244 | .0218 | .0200 | .0187 | .0177 | .0170 |
16.50- 16.99 | .0247 | .0221 | .0202 | .0190 | .0180 | .0173 |
17.00- 17.49 | .0249 | .0223 | .0205 | .0193 | .0183 | .0176 |
17.50- 17.99 | .0250 | .0226 | .0208 | .0195 | .0186 | .0179 |
18.00- 18.49 | .0254 | .0228 | .0211 | .0198 | .0189 | .0182 |
18.50- 18.99 | .0257 | .0231 | .0214 | .0201 | .0192 | .0185 |
19.00- 19.49 | .0259 | .0234 | .0216 | .0204 | .0195 | .0188 |
19.50- 19.99 | .0262 | .0236 | .0219 | .0207 | .0198 | .0191 |
(5) The relevant rate of interest is the average gross redemption yield described in sub-paragraph (6) on the last 1st August before the date on which the election became irrevocable under regulation C3(13) or, if the Stock Exchange was not then open, on the last day on which it had been open.
(6) The average gross redemption yield is that computed and designated jointly by the Financial Times, the Institute of Actuaries and the Faculty of Actuaries as that appropriate to British Government high-coupon 5-year stocks.
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: