Regulation 35 Insertion of new regulation 54A

After regulation 54 insert—

“Calculation of initial pre-commencement personal contributions amount: service credit days

54A.

The initial pre-commencement personal contributions amount in respect of service credit days is determined as follows—

Step 1

For the fee period from 1st April 2012 to 31st March 2013, determine the total of fees paid to P in respect of service credit days.

Step 2

Multiply the total determined under Step 1 by the percentage specified in relation to that sum in column 2 of Table 9 of the Contributions Tables.

Step 3

For the fee period from 1st April 2013 to 31st March 2014, determine the total of fees paid to P in respect of service credit days.

Step 4

Multiply the total determined under Step 3 by the percentage specified in relation to that sum in column 2 of Table 10 of the Contributions Tables.

Step 5

Add together the amounts determined under Steps 2 and 4.”.