Paragraph 14 Amount of added pension to be credited to added pension accountI1

This paragraph applies if a member elects to pay a lump sum to increase the member’s retirement benefits and death benefits.

Following payment of the lump sum by the member an amount of added pension must be credited to the added pension account for the relevant scheme year.

The amount credited to the added pension account is an amount determined by the scheme manager by reference to actuarial guidance.