# Finance Act 2005, Paragraph 45


(1) Section 220 (lifetime allowance enhancement factor in case of pension credits from previously crystallised rights) is amended as follows.
(2) In subsection (4) (pension credit factor), in the definition of APC, after “APC is” insert “ the post-commencement pension in payment portion of ”.
(3) After that subsection insert—
“(4A) The post-commencement pension in payment portion of the appropriate amount referred to in the definition of APC—
(a) in a case where the appropriate amount is arrived at under section 29(2) or (3)(b) of WRPA 1999 or Article 26(2) or (3)(b) of WRP(NI)O 1999, is so much of that amount as is attributable to rights to a post-commencement pension in payment, and
(b) in a case where the appropriate amount is arrived at under section 29(3)(a) of WRPA 1999 or Article 26(3)(a) of WRP(NI)O 1999, is so much of that amount as is just and reasonable.”

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Source: https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/45 (the official version)
Page: https://openlegislation.uk/finance-act-2005/schedule-10/paragraph-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.