{
  "url": "https://openlegislation.uk/iron-and-steel-compensation-to-employees-regulations-1968/schedule",
  "json_url": "https://openlegislation.uk/iron-and-steel-compensation-to-employees-regulations-1968/schedule.json",
  "legislation": "uksi/1968/1170",
  "legislation_title": "The Iron and Steel (Compensation to Employees) Regulations 1968",
  "legislation_url": "https://openlegislation.uk/iron-and-steel-compensation-to-employees-regulations-1968",
  "path": "schedule",
  "kind": "schedule",
  "number": null,
  "heading": null,
  "text": "Capital value of £1 per annum payable for life\nAge\nFemale\nMale\n£\ns.\nd.\n£\ns.\nd.\nUnder 35\n15\n11\n0\n15\n3\n0\n35 and under 40\n15\n2\n0\n14\n12\n0\n40 and under 45\n14\n11\n0\n13\n19\n0\n45 and under 50\n13\n18\n0\n13\n2\n0\n50\n13\n9\n0\n12\n11\n0\n51\n13\n5\n0\n12\n7\n0\n52\n13\n2\n0\n12\n3\n0\n53\n12\n18\n0\n11\n18\n0\n54\n12\n14\n0\n11\n14\n0\n55\n12\n10\n0\n11\n9\n0\n56\n12\n6\n0\n11\n5\n0\n57\n12\n2\n0\n11\n0\n0\n58\n11\n18\n0\n10\n15\n0\n59\n11\n13\n0\n10\n10\n0\n60\n11\n8\n0\n10\n5\n0\n61\n11\n4\n0\n10\n0\n0\n62\n10\n19\n0\n9\n14\n0\n63\n10\n14\n0\n9\n9\n0\n64\n10\n8\n0\n9\n3\n0\n65\n10\n3\n0\n8\n18\n0\n66\n9\n18\n0\n8\n12\n0\n67\n9\n12\n0\n8\n7\n0\n68\n9\n7\n0\n8\n1\n0\n69\n9\n1\n0\n7\n16\n0\n70\n8\n15\n0\n7\n10\n0\nNOTE:—This table is for use in connection with regulation 31(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 18, 19 or 20. Where the compensation is payable before age 60 (females), 65 (males) but will be reduced on reaching that age (in connection with National Insurance pension) the table should be used in conjunction with Table II, i.e.Table II should be used for valuing that part of the compensation which ceases to be payable at 60 (65) and this table should be used for valuing the remainder.\nTABLE II\nTable showing the capital value of an amount of £1 per annum ceasing at age 60 (females), 65 (males)\nCapital value\nAge\nFemale\nMale\n£\ns.\nd.\n£\ns.\nd.\nUnder 35\n13\n8\n0\n14\n2\n0\n35 and under 40\n12\n5\n0\n13\n3\n0\n40 and under 45\n10\n14\n0\n11\n19\n0\n45 and under 50\n8\n13\n0\n10\n8\n0\n50\n7\n3\n0\n9\n6\n0\n51\n6\n12\n0\n8\n18\n0\n52\n6\n0\n0\n8\n9\n0\n53\n5\n7\n0\n7\n19\n0\n54\n4\n13\n0\n7\n10\n0\n55\n3\n18\n0\n6\n19\n0\n56\n3\n3\n0\n6\n8\n0\n57\n2\n6\n0\n5\n17\n0\n58\n1\n9\n0\n5\n4\n0\n59\n10\n0\n4\n11\n0\n60\n—\n3\n17\n0\n61\n—\n3\n2\n0\n62\n—\n2\n6\n0\n63\n—\n1\n8\n0\n64\n—\n10\n0\nNOTE:—This table is for use in connection with regulation 31(1) and (2) for the compounding of any part of annual retirement compensation which will cease to be payable on reaching age 60 (females), 65 (males).Table I should be used in relation to the remainder of such compensation, i.e. the part which is payable for life—see note on that table.\nTABLE III\nTable showing the annual amount payable for life equivalent in value to a lump sum of £100\nAnnual sum, payable for life, equal in value to a lump sum of £100\nAge\nFemale\nMale\n£\ns.\nd.\n£\ns.\nd.\nUnder 35\n6\n8\n7\n6\n12\n0\n35 and under 40\n6\n12\n5\n6\n17\n0\n40 and under 45\n6\n12\n5\n7\n3\n4\n45 and under 50\n7\n3\n11\n7\n12\n8\n50\n7\n8\n8\n7\n19\n4\n51\n7\n8\n8\n7\n19\n4\n52\n7\n12\n8\n8\n4\n7\n53\n7\n15\n0\n8\n8\n1\n54\n7\n17\n6\n8\n10\n11\n55\n8\n0\n0\n8\n14\n8\n56\n8\n2\n7\n8\n17\n9\n57\n8\n5\n3\n9\n1\n10\n58\n8\n8\n1\n9\n6\n0\n59\n8\n11\n8\n9\n10\n6\n60\n8\n15\n5\n9\n15\n1\n61\n8\n18\n7\n10\n0\n0\n62\n9\n2\n8\n10\n6\n2\n63\n9\n6\n11\n10\n11\n8\n64\n9\n12\n4\n10\n18\n7\n65\n9\n17\n0\n11\n4\n9\n66\n10\n2\n0\n11\n12\n7\n67\n10\n8\n4\n11\n19\n6\n68\n10\n13\n11\n12\n8\n5\n69\n11\n1\n0\n12\n16\n5\n70\n11\n8\n7\n13\n6\n8\nNOTE:—This table is for use in connection with regulation 21(1) for ascertaining the annual amount by which retirement compensation under regulation 18,19 or 20 is to be reduced where a claimant has not paid to the Corporation an amount equal to any sum paid to him by way of pension contributions or that amount has been repaid to him by the Corporation at his request. It should also be used in connection with regulation 31(2) for calculating for the purposes of that paragraph the annual value of retirement compensation awarded as a lump sum.\nTABLE IV\nTable showing, according to the outstanding period of long-term compensation, the capital value of each £100 of the total amount of long-term compensation compounded\nOutstanding number of complete years of long-term compensation\nCapital value of each £100 of the total amount of long-term compensation\nFemale\nMale\n£\ns.\nd.\n£\ns.\nd.\n0\n98\n8\n0\n98\n4\n0\n1\n95\n4\n0\n94\n16\n0\n2\n92\n2\n0\n91\n10\n0\n3\n89\n4\n0\n88\n6\n0\n4\n86\n8\n0\n85\n8\n0\n5\n83\n16\n0\n82\n14\n0\n6\n81\n6\n0\n80\n2\n0\n7\n78\n18\n0\n77\n14\n0\n8\n76\n14\n0\n75\n8\n0\n9\n74\n12\n0\n73\n4\n0\n10\n72\n12\n0\n71\n4\n0\n11\n70\n12\n0\n69\n6\n0\n12\n68\n16\n0\n69\n6\n0\n13\n67\n0\n0\n65\n14\n0\n14\n65\n6\n0\n64\n2\n0\n15\n63\n14\n0\n62\n10\n0\n16\n62\n2\n0\n61\n0\n0\n17\n60\n12\n0\n59\n12\n0\n18\n59\n4\n0\n58\n4\n0\n19\n57\n16\n0\n56\n18\n0\n20\n56\n10\n0\n55\n12\n0\n21\n55\n4\n0\n54\n8\n0\n22\n54\n0\n0\n53\n4\n0\n23\n52\n16\n0\n52\n0\n0\n24\n51\n12\n0\n50\n18\n0\n25\n50\n10\n0\n49\n18\n0\n26\n49\n8\n0\n48\n18\n0\n27\n48\n8\n0\n47\n18\n0\n28\n47\n8\n0\n46\n18\n0\n29\n46\n8\n0\n45\n18\n0\n30\n45\n10\n0\n45\n0\n0\nNOTE:—This table is for use in connection with regulation 31(1) and (2) for compounding awards of long-term compensation under Part IV. The total amount of the annual long-term compensation which is to be compounded must first be calculated, i.e. the amount which the person would receive on account of that compensation, or the part of it which is to be compounded if it were paid until “normal retiring age” (as defined in regulation 2(1)). For each £100 so calculated, the lump sum payment will be the amount shown in the table according to the number of complete years in the period between the date of compounding and “normal retiring age”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1968/1170/schedule",
    "retrieved_at": "2026-10-29T23:21:37.705336+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}