Part 1State pension
Additional pension: simplification of accrual rates
10Additional pension: removal of accrual band from 2010-11
(1)
Schedule 4A to the SSCBA (additional pension) is amended as follows.
(2)
In Part 2 (surplus earnings factor) in paragraph 2 (calculation of amount where there is a surplus in pensioner's earnings factor)—
(a)
in sub-paragraph (4), after “2009” insert
“where the tax year concerned falls before 2010-11
”
;
(b)
“(4A)
The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows—
TABLE 2A
Amount of surplus
Percentage
Band 1
Not exceeding LET
40
Band 2
Exceeding LET but not exceeding AUEL
10”;
(c)
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)
In Part 3 (contracted-out employment) in paragraph 5 (calculation of amount A)—
(a)
in sub-paragraph (4), after “2009” insert “
where the tax year concerned falls before 2010-11
”
;
(b)
“(4A)
The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows—
TABLE 4A
Amount of surplus
Percentage
Band 1
Not exceeding LET
40
Band 2
Exceeding LET but not exceeding AUEL
10”.
(4)
In paragraph 7 (calculation of amount B second case)—
(a)
in sub-paragraph (4), after “2009” insert “
where the tax year concerned falls before 2010-11
”
;
(b)
“(4A)
The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows—
TABLE 6A
Amount of surplus
Percentage
Band 1
Not exceeding LET
40
Band 2
Exceeding LET but not exceeding AUEL
10”.
(5)
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)
For the heading for that Schedule substitute “Additional pension: accrual rates for purposes of section 45(2)(c)”.