SCHEDULES
Yn ddilys o 06/04/2016
SCHEDULE 1N.I.TRANSISTIONAL RATE OF STATE PENSION: CALCULATING THE AMOUNT
PART 2 N.I.AMOUNT FOR PRE-COMMENCEMENT QUALIFYING YEARS
Step 2: calculation of a pension based on the new systemN.I.
4—(1) For the purposes of Step 2 of the calculation in paragraph 2, the weekly rate based on the new state pension is as follows.N.I.
(2) If the person has 35 or more pre-commencement qualifying years, the rate is equal to—
(a)the full rate of the state pension on 6 April 2016, less
(b)any amount to reflect contracting out under the old system (see paragraph 5).
(3) If the person has fewer than 35 pre-commencement qualifying years, the rate is equal to—
(a)the appropriate proportion of the full rate of the state pension on 6 April 2016, less
(b)any amount to reflect contracting out under the old system (see paragraph 5).
(4) The “appropriate proportion”, in relation to a person, is—
.
Commencement Information
I1Sch. 1 para. 4 in operation at 6.4.2016, see s. 53(1)(3)