# The Financial Assistance Scheme Regulations 2005, Paragraph 7: Cap on expected pension and actual pension


(1) Where the amount of a qualifying member’s expected pension determined in accordance with the previous provisions of this Schedule multiplied by 0.8, exceeds £12,000, the amount of the annual payment payable to, or in respect of, that member under paragraphs 3 to 5 shall be determined on the basis that the product of that calculation was £12,000.
(2) Where the amount of a qualifying member’s actual pension determined in accordance with paragraph 2 exceeds—
(a) the amount of a qualifying member’s expected pension determined in accordance with the previous provisions of this Schedule multiplied by 0.8; or
(b) £12,000,
no annual payment shall be payable to, or in respect of, that member.

---
Source: https://www.legislation.gov.uk/ukdsi/2005/0110729552/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-financial-assistance-scheme-regulations-2005/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.