# Finance Act 2004, Section 231: Cash balance arrangements: uprating of opening value

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

(1) This section applies for adjusting the opening value of the individual’s rights as calculated under section 230(4).
(2) The opening value is to be increased by the appropriate percentage.
(3) The appropriate percentage is the percentage (if any) by which the consumer prices index for the September before the start of the tax year is higher than it was for the previous September.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/231 (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-231
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.