Paragraph 1 F1
(1)
The amount referred to in section 45(2)(d) above is to be calculated as follows—
(a)
calculate the appropriate amount for each of the relevant years within section 45(2)(d) above to which Part 2 of this Schedule applies;
(b)
calculate the appropriate amount for each of the relevant years within section 45(2)(d) above to which Part 3 of this Schedule applies; and
(c)
add those amounts together.
(2)
But if the resulting amount is a negative one, the amount referred to in section 45(2)(d) above is nil.
Annotations
Textual amendments
- F1
Sch. 4B inserted (11.2.2008) by Pensions Act (Northern Ireland) 2008 (c. 1), Sch. 2 para. 1