# The Armed Forces Pension Regulations 2014, Regulation 48: Annual rate of pension credit member’s pension

Extent: E+W+S+N.I.

The annual rate of the pension credit member’s pension is determined by—
(a) taking the amount of credited pension specified in the pension credit member’s account;
(b) adding the late payment supplement (if any) specified in that account in relation to that amount;
(c) subtracting the early payment reduction (if any) specified in that account in relation to that amount; and
(d) subtracting the commutation amount (if any) specified in that account in relation to that amount.

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Source: https://www.legislation.gov.uk/uksi/2014/2336/regulation/48 (the official version)
Page: https://openlegislation.uk/armed-forces-pension-regulations-2014/regulation-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.