11(1)Section 235 (defined benefits arrangements: uprating of opening value) is amended as follows.U.K.
(2)In subsection (1), omit “in a case where rights do not accrue to the individual under the arrangement during the pension input period”.
(3)For subsection (3) substitute—
“(3)The appropriate percentage is the percentage (if any) by which the consumer prices index for the September before the start of the tax year is higher than it was for the previous September.”