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SCHEDULES

SCHEDULE 13Employer asset-backed pension contributions etc

PART 4Transitional provision relating to Part 3

Adjustments

31If the sum of amounts B and C exceeds amount A—

(a)E is to be treated as having paid a contribution under the relevant scheme in respect of any individual of an amount equal to the excess,

(b)the contribution is to be treated as having been paid at the beginning of the completion day, and

(c)E is to be given relief as provided for by section 196 of FA 2004 accordingly.