# The Personal and Occupational Pension Schemes (Incentive Payments) Regulations 1987, Regulation 6: Periods to be substituted for a tax week in particular cases


(1) Section 7 of the Act shall have effect—
(a) in the case of an earner whose earnings are paid monthly, as if for any reference to a tax week there were substituted a reference to a month and as if for the references to £1.00 in subsection (4)(b) there were substituted references to £4⅓;
(b) in the case of an earner whose earnings are paid by reference to a period consisting of 2 or more months, as if for any reference to a tax week where were substituted a reference to that period and as if for the references to £1.00 in subsection (4)(b) there were substituted references to £4⅓ multiplied by the number of months in that period; and
(c) in the case of an earner whose earnings are paid by reference to any other period which is not a week or an exact number of weeks or a month or an exact number of months, as if for any reference to a tax week there were substituted a reference to that other period and as if for the references to £1.00 in subsection (4)(b) there were substituted references to a seventh of £1.00 multiplied by the number of days in that period.
(2) Where an amount to be paid under section 7 would otherwise not be a whole number of pence, it shall be taken to be the nearest whole number of pence, or, when the 2 nearest whole numbers are equally near, the lower of them.

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Source: https://www.legislation.gov.uk/uksi/1987/1115/regulation/6 (the official version)
Page: https://openlegislation.uk/personal-and-occupational-pension-schemes-incentive-payments-regulations-1987/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.