SCHEDULES

[F1SCHEDULE 4BE+W+SAdditional pension: accrual rates for purposes of section 45(2)(d)

Textual Amendments

F1Sch. 4B inserted (26.9.2007) by Pensions Act 2007 (c. 22), s. 30(3), Sch. 2 para. 1

Part 3E+W+SContracted-out employment

Amount A: assumed [F2earnings factor] not exceeding LETE+W+S

Textual Amendments

F2Words in Sch. 4B para. 8 cross-heading substituted (3.1.2012) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 4 para. 12(6); S.I. 2011/3033, art. 2(c)(xii)

8(1)Amount A is calculated in accordance with this paragraph if [F3the pensioner's assumed earnings factor for the year] does not exceed the LET.E+W+S

(2)In such a case, amount A is the flat rate amount for the year.

(3)[F4Where the final relevant year is 2015-16 or an earlier tax year,] the flat rate amount for the year is calculated by multiplying the FRAA in accordance with the last order under section 148AA of the Administration Act to come into force before the end of the final relevant year.

[F5(4)Otherwise, the flat rate amount is calculated by increasing the FRAA by the percentage by which earnings factors for 2015-16 are directed to be increased by the last order under section 148 of the Administration Act to come into force before the end of the final relevant year.]]

Textual Amendments

F3Words in Sch. 4B para. 8(1) substituted (3.1.2012) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 4 para. 12(6); S.I. 2011/3033, art. 2(c)(xii)