7.—(1) The cash equivalent of accrued benefits on a transfer out of the section 19 scheme shall be calculated in accordance with the formula —
(a)MLA × (p × PP + l × LL + w × WMM) in respect of a qualifying member who is married at the date of leaving the section 19 scheme; or
(b)MLA × (p × PP + l × LL) in respect of a qualifying member who is unmarried at the date of leaving the section 19 scheme.
(2) For the purpose of the calculations in paragraph (1) —
(a)p, l and w shall have the meanings given to them in regulation 6 except that references to the Part I scheme shall be taken to be references to the section 19 scheme;
(b)PP is the pension factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date;
(c)LL is the lump sum factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date; and
(d)WMM is the spouse’s factor set out in Table 4 applicable to the qualifying member’s age last birthday as at the relevant date.