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Paragraph 3 F1

England, Wales and Scotland

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

The appropriate amount for the year for the purposes of paragraph 1 is either—

(a)

the flat rate amount for the year (if F2the pensioner's earnings factor for the year does not exceed the LET), or

(b)

the sum of the flat rate amount and the earnings-related amount for the year (if F3that earnings factor exceeds the LET).

Annotations

Textual amendments

F1

Sch. 4B inserted (26.9.2007) by Pensions Act 2007 (c. 22), s. 30(3), Sch. 2 para. 1

F2

Words in Sch. 4B para. 3(a) substituted (3.1.2012) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 4 para. 12(3)(a); S.I. 2011/3033, art. 2(c)(xii)

F3

Words in Sch. 4B para. 3(b) substituted (3.1.2012) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 4 para. 12(3)(b); S.I. 2011/3033, art. 2(c)(xii)