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Paragraph 8 Calculation of Interim Transfer AmountI1I2

United Kingdom

The Interim Transfer Amount is dependent on the Estimated RMPP Funding Level as at the Effective Date (RMPP FL′ECI2I3) and must be determined as follows—

  • If RMPP FL′ECI2I3 ≤100% then—

  • Interim Transfer Amount = [RMPP A′E] – [1.25 x RMPP LCI2I1 x MVA2]

  • If RMPP FL′ECI2I3 > 100% then—

  • Interim Transfer Amount = [RMPP A′E] – [1.25 x RMPP LCI2I1 x MVA2 x RMPP FL′E C I2 I3] where RMPP LCI2I1 is calculated by reference to the Amended RMPP Rules.

Annotations

Commencement

I1

Sch. 1 para. 8 not in force at made date, see art. 1(2)

I2

Sch. 1 para. 8 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(b)