OpenLegislation

Paragraph 4 I1I2

For the purposes of that valuation—

(a)

the value of the assets includes net current assets and liabilities, but excludes—

(i)

any assets and liabilities relating to money purchase benefits, and

(ii)

any contributions paid to the RMPP in advance of the Effective Date but in respect of amounts falling due after this date under the schedule of contributions for the RMPP (as defined in section 227(2) of the Pensions Act 2004f1), and

(b)

the obligations of the Trustee to make the Transfers must be disregarded.

Annotations

Commencement

I1

Sch. 1 para. 4 not in force at made date, see art. 1(2)

I2

Sch. 1 para. 4 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(b)

Footnotes

f1

2004 c.35.