Regulation 13 Contributions adjustment
When an office holder ceases to hold qualifying judicial office there shall be calculated a contributions payment period except where the office holder has no contributions liability period.
The contributions payment period of an office holder shall be the sum of—
the total length of his contributions credit;
the total period or periods during which he made actual contributions as a member of the Part I scheme; and
the period or periods (if any) for which he is treated as making contributions by virtue of regulation 11.
Where the contributions payment period is less than the office holder’s contributions liability period, the deficit of contributions, calculated in accordance with regulation 14, shall be deducted from the lump sum otherwise payable to or in respect of the office holder.
Where the contributions payment period exceeds the office holder’s contributions liability period, any periodical contributions made by him for the period—
which is equal to the excess period; and
which ends on the date he last made contributions;
shall be refunded together with compound interest.
Where an office holder has no contributions liability period any periodical contributions made by him shall be refunded together with compound interest.
The scheme administrators shall pay any refunds due under this regulation to the office holder or, if he has died, to—
the person nominated by him for the purpose of section 4(3); or
in default of nomination, his personal representatives.
The scheme administrators shall, in making any refunds in pursuance of this regulation, deduct the appropriate amount in respect of tax charged under section 598 of the Income and Corporation Taxes Act 1988f1.
Annotations
Footnotes
- f1