Regulation 18 Calculation of pension input amounts: MPs’ pension scheme
For the purposes of section 234 of FA 2004 (defined benefits arrangements)f1, the opening value of a member's rights under an arrangement under an MPs’ pension schemef2 for the rectification period is to be calculated on the basis of the member's rights under the rectification exercise.
Annotations
Footnotes
- f1
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Section 234 was amended by paragraph 10 of Schedule 17 to the Finance Act 2011 and S.I. 2015/80.
- f2
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“An MPs’ pension scheme” is defined in section 15(9) of FA 2024.