Paragraph 10 Calculation of Final Transfer AmountI1I2
United Kingdom
The Final Transfer Amount is dependent on the RMPP Funding Level as at the Effective Date (RMPP FLEC) and must be determined as follows—
If (RMPP FLEC) ≤100% then—
Final Transfer Amount = [RMPP AE – RMPP LCEE – Interim Transfer Amount]
If RMPP FLEC > 100% then—
Final Transfer Amount = [(RMPP AE) – (RMPP LCEE x RMPP FLEC) – Interim Transfer Amount]
For the purpose of this paragraph the Interim Transfer Amount must be determined as the audited value of assets that were transferred in the Interim Transfer (as at the Effective Date).
Annotations
Commencement
- I1
Sch. 1 para. 10 not in force at made date, see art. 1(2)
- I2
Sch. 1 para. 10 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(b)