Part 4Pension schemes etc
Chapter 5Registered pension schemes: tax charges
Annual allowance charge
231Cash balance arrangements: uprating of opening value
(1)
This section applies for adjusting the opening value of the individual’s rights as calculated under section 230(4).
(2)
The opening value is to be increased by the appropriate percentage.
F1(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.