Paragraph 2 C1F1
England, Wales and Scotland
This paragraph applies where a person’s entitlement to a shared additional pension is deferred and either—
the period of deferment is less than 12 months, or
the person has made an election under paragraph 1(1)(a) in relation to the period of deferment.
The rate of the person’s shared additional pension shall be increased by an amount equal to the aggregate of the increments to which he is entitled under paragraph 3, but only if that amount is enough to increase the rate of the pension by at least 1 per cent.
Annotations
Textual amendments
- F1
Sch. 5A inserted (18.11.2004 for specified purposes, 6.4.2005 in so far as not already in force) by Pensions Act 2004 (c. 35), s. 322(3)(a), Sch. 11 para. 15
Modifications
- C1
Sch. 5A para. 2: sums amended (coming into force in accordance with arts. 1(4)(5), 7 of the amending S.I.) by The Social Security Benefits Up-rating Order 2026 (S.I. 2026/148), arts. 1(3)(c), 4(4)(b)
Notes on Schedule 5A
Modifications
- C1
Sch. 5A modified (6.4.2005) by The Social Security (Retirement Pensions etc.) (Transitional Provisions) Regulations 2005 (S.I. 2005/469), regs. 1(1), 3