rights of an equivalent value to the extinguished old rights, or

rights that would have been secured under that scheme if the voluntary contributions had been paid to that scheme in respect of that individual.

for the replacement pension input period or any subsequent pension input period, any new rights are to be ignored to the extent that they relate to voluntary contributions paid to the Chapter 1 new scheme during the period of remediable service16 for the purpose of securing additional benefits, and

for any pension input period after the replacement pension input period, any new rights are to be ignored to the extent that they relate to voluntary contributions paid to the Chapter 1 new scheme during the period of remediable service for the purpose of securing the earlier payment of benefits.

a new scheme benefits election is made in relation to the remediable service of an individual,

as a result of scheme regulations made by virtue of section 20 of PSPJOA 2022, the individual’s rights under the relevant Chapter 1 legacy scheme that would otherwise have been secured by the payment of voluntary contributions are varied, and

that variation would (disregarding paragraph (2)) lead to an increase in the pension input amount in respect of an arrangement under that scheme for the retirement pension input period.

before the relevant time, an individual was paid a pension commencement lump sum17 under a Chapter 1 scheme,

that lump sum was paid in connection with rights (“original rights”) in respect of an arrangement under that scheme to additional benefits, or to the earlier payment of benefits, that were secured by the payment of voluntary contributions, and

a member of a Chapter 1 scheme or a judicial scheme19 has at any time become entitled to a pension credit or subject to a pension debit20, and

the amount of that pension debit or pension credit is (disregarding paragraph (2)) adjusted by provision made under section 19(1) or 57(1) of PSPJOA 2022 (pension credit members).

there is a transfer of sums or assets held for the purposes of, or representing accrued rights under, an arrangement under a partnership pension account (“the transfer”),

as a result of the transfer, the sums or assets become held for the purposes of, or represent rights under, an arrangement under the relevant Chapter 1 legacy scheme,

the transfer is made in accordance with conditions specified in provision made under section 5 of PSPJOA 2022 (election for retrospective provision to apply to opted-out service),

rights are conferred in the arrangement under the relevant Chapter 1 legacy scheme which represent the benefits that a member would have accrued under that scheme, and

in connection with that conferral of rights, all rights relating to the transferred sums or assets are then extinguished in that arrangement.

for any pension input period in which the individual had relevant opted-out service, the pension input amount is to be reduced by the amount of any pension input amount for an arrangement under the partnership pension account which relates to a pension input period ending in the same tax year,

where all the steps in paragraph (1)(a) to (e) occur during the transfer pension input period, section 236(5A) of FA 2004 (relevant inward transfers)22 is to be ignored for that pension input period, and

where the conferral of rights mentioned in paragraph (1)(d) occurs during the transfer pension input period, but the extinguishment of rights mentioned in paragraph (1)(e) occurs during a subsequent pension input period, the extinguishment is be ignored for that subsequent pension input period.

calculating the pension input amount of the arrangement under section 233 of FA 2004 (pension input amount: other money purchase arrangements)23,

establishing the percentage of the individual’s rights under the arrangement that do not relate to that entitlement, and

multiplying the amount mentioned in sub-paragraph (a) by that percentage.