# The Local Government Superannuation Regulations 1986, Regulation J7: Compound interest on certain sums

Extent: E+W+S

Compound interest under regulations C14(3)(b), J2(3)(e)(iii) and J6(1)(d)(ii) and Parts I (paragraph 1(2)), V (paragraph 7) and VI of Schedule 16 is to be calculated—
(a) at the rate of 6 per cent with yearly rests for each complete period of a year ending before 1st April 1977 (any residual period of less than a year is to be ignored), and
(b) at the rate of 2¼ per cent with 3-monthly rests for each complete period of 3 months beginning after 31st March 1977 (any residual period of less than 3 months is to be ignored).

---
Source: https://www.legislation.gov.uk/uksi/1986/24/regulation/J7 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-regulations-1986/regulation-J7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.