Article 3 Limits on purchase of added years

Schedule 7 to the Principal Order (purchase of added years) is amended as follows.

In paragraphs 2(1)(c) and 6(2)(d) for “the maximum permitted” substitute “the maximum permitted by virtue of the contributions that are permitted to be made”.

In paragraph 5(5) (interrupted service) for “8(1)” substitute “8”.

For paragraph 8 (limits on purchase of added years) substitute—

“Limits on contributions for purchase of added years

8

The total amount of a participant’s contributions for the purchase of added years (whether made as periodical contributions or by way of lump sum) shall not in any tax year exceed 10 % of a participant’s pensionable salary.”