4.—(1) The Police Pensions (Purchase of Increased Benefits) Regulations 1987(1) are amended as follows.
(2) In regulation 5 (payment by periodical contributions), for paragraph (5) substitute—
“(5) Where a policeman elects to make payment under this regulation, the periodical contributions payable by him for any period shall not, when aggregated with any other pension contributions (including additional, further and special contributions, if any) payable by him for that period, exceed (4+X)% of his pensionable pay, where X is the rate of contributions payable by the policeman under regulation G2(1) of the principal Regulations, but where a policeman’s periodical contributions are restricted by this paragraph he shall make a lump sum payment of an amount determined by the Government Actuary to be the actuarial equivalent of the difference between the restricted periodical contributions payable and those which would be payable but for this paragraph.”.
(3) In Part I of the Schedule (payments), omit paragraph 4 (Inland Revenue limits on contributions).
S.I. 1987/2215, amended by S.I. 2002/3202, S.I. 2005/1439, S.I. 2008/1887 and S.I. 2011/3063.