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.