The Health and Personal Social Services (Superannuation) (Additional Voluntary Contributions) Regulations (Northern Ireland) 1999 No. 294

SCHEDULE Benefit limits

PART I Interpretation

2.  “Adjusted salary” means A + B, where—

• A is the participator’s total taxable salary for the year in question less any fluctuating emoluments such as bonus payments and payments for overtime, and

• B is the annual average of such fluctuating emoluments. For these purposes such emoluments shall be averaged—

  (i)

  over a period of whole years, not being less than 3 consecutive years, ending on the last day of the year in question, or

  (ii)

  in a case where such emoluments have been paid for a period of less than 3 years, over the period during which they have been paid.