Paragraph 6 Earnings cap

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 3 words substituted by Parliamentary Pensions 2006 reg. 5(5)(a)
Sch. 3 para. 6 words inserted by Parliamentary Pensions 2006 reg. 5(5)(b)
Sch. 3 para. 2(2)(ii) words substituted by Parliamentary Pensions 2006 reg. 15(7)(a)
Sch. 3 para. 4(1)(ii) words substituted by Parliamentary Pensions 2006 reg. 15(7)(b)
Sch. 3 para. 4(2)(ii)(b) words substituted by Parliamentary Pensions 2006 reg. 15(7)(b)

For a Class A participant, the maximum commutable sum shall be further limited to an overall maximum of 120/80 of the permitted maximum.