# The Local Government Superannuation (Scotland) Regulations 1987, Regulation J7: Compound interest on certain sums


Compound interest under regulations J2(3)(e)(iii) and J6(1)(d)(ii) and Parts I paragraph 1(2)) and V 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 (and any residual period of less than a year is to be ignored), and
(b) at the rate of 21 per cent with 3-monthly rests for each complete period of 3 months beginning after 31st March 1977 (and any residual period of less than 3 months is to be ignored).

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Source: https://www.legislation.gov.uk/uksi/1987/1850/regulation/J7 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-scotland-regulations-1987/regulation-J7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.