Amendment of Schedule 2A
6. In paragraph 18 for sub-paragraphs (a) and (b) substitute—
“(a)where the election is made in the financial year starting on 1st April 2010 and ending on 31st March 2011, £5,500;
(b)where the election is made in any subsequent financial year, A x PI1/PI2 rounded to the nearest £100 where—
A is the maximum amount of increased retirement pension for the financial year before the financial year in which the election is made (whether determined under this paragraph or under paragraph 19);
PI1 is the prices index for the month of April in the financial year before the financial year in which the election is made; and
PI2 is the prices index for the month of April in the second financial year before the financial year in which the election is made.”.