Regulation 108 Retired FPJAYS members: maximum contributions

The total contributions made by a retired FPJAYS member (“R”) under regulation 107 may not exceed the amount which is equal to the sum of the amounts determined for each tax year during the period beginning with the assumed contribution commencement date and ending with the date on which R retired in accordance with the following formula—

where—

1. a

   FI is R's annual fee income for the tax year in question F1in any office in relation to which benefits are calculated under the post-1995 provisions which is subject to income tax, or if lower, the permitted maximum for that tax year, and

2. b

   C is the sum of any contributions made by R to any other judicial pension scheme in that tax year, excluding any contributions made by the member in accordance with regulation 3 of the Judicial Pensions (Contributions) Regulations 2012 F2.

For the purposes of paragraph (1)(a), R's “annual fee income” is the total of the fees paid to R in respect of qualifying fee-paid days F3in the offices referred to in that paragraph in the tax year concerned.