Paragraph 2

For the purposes of article 7(2) the maximum contribution is –

(a)

if the relevant year is the first year of a relevant period, an amount equal to the aggregate of –

(i)

the amount of the income accrued to the Trust Fund in the preceding financial year; and

(ii)

the product of that amount and the annual adjustment;

(b)

if the relevant year is the second year of a relevant period, an amount equal to the aggregate of –

(i)

the amount of the maximum contribution for the first year of that period; and

(ii)

the product of that amount and the annual adjustment;

(c)

if the relevant year is the third year of a relevant period, an amount equal to the aggregate of –

(i)

the amount of the maximum contribution for the second year of that period; and

(ii)

the product of that amount and the annual adjustment.