SCHEDULES

[F1SCHEDULE 4BN.I.Additional Pension: Accrual Rates for Purposes of Section 45(2)(d)

Textual Amendments

PART 5N.I.INTERPRETATION

12N.I.In this Schedule—

  • F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • “the contracted-out condition”, in relation to a tax week, means the condition that any earnings paid to or for the benefit of the pensioner in that week in respect of employment were in respect of employment qualifying him for a pension provided by a salary related contracted-out scheme (within the meaning of the Pensions Act);

  • “the FRAA” has the meaning given by paragraph 13 below;

  • “the LET”, in relation to a tax year, means the low earnings threshold for the year as specified in section 44A above;

  • [F3“the pensioner's assumed earnings factor”, in relation to a year, means the earnings factor that the pensioner would have for the year if section 44A(1) of the Pensions Act did not apply in relation to any tax week falling in the year;]

  • “the QEF”, in relation to a tax year, means the qualifying earnings factor for the year;

  • “relevant year” and “final relevant year” have the same meanings as in section 44 above;

  • F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

Textual Amendments