Paragraph 7 Cap on expected pension and actual pension

the amount of the annual payment payable to, or in respect of, that member under paragraphs 3 to 5B shall be determined on the basis that the product of that calculation was the amount of the FAS cap; and

the expected pension for the purposes of paragraph (b)(i) in the definition of “underlying rate” in paragraph 9 shall be the amount of the FAS cap;

the amount of a qualifying member's expected pension determined in accordance with the previous provisions of this Schedule multiplied by F20.9 F3...; or

F4the FAS cap,

where the beneficiary became entitled to an annual payment before 1st April 2007, £26,000;

where the beneficiary became entitled to an annual payment in the period beginning on 1st April 2007 and ending on 31st March 2008, £26,936;

where the beneficiary became entitled to an annual payment in the period beginning on 1st April 2008 and ending on 31st March 2009, £27,987;

where the beneficiary became entitled, or becomes entitled, to an annual payment in the period beginning on 1st April 2009 and ending on 31st March 2010, £29,386; F7...

where the beneficiary becomes entitled to an annual payment in the period beginning on 1st April 2010 and ending on 31st March 2011, £29,386; and

where the beneficiary becomes entitled to an annual payment after 31st March 2011, the amount determined in accordance with sub-paragraph (4).

where paragraph (b) does not apply, the amount of the standard amount for the previous period of 12 months increased by the percentage increase F11in the general level of prices for the period of 12 months ending on the 30th September falling within that previous period of 12 months; or

where there is no such percentage increase, the amount of the standard amount for the previous period of 12 months.