Paragraph 10 F1

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

Sch. 4B para. 1(1) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(a)
Sch. 4B para. 1(1)(a) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(b)
Sch. 4B para. 1(1)(b) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(b)
Sch. 4B para. 1(2) words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(2)(b)
Sch. 4B para. 11 words inserted by Pensions Act (Northern Ireland) 2012 Sch. 3 para. 5(3)

(1)

Amount B is calculated as follows—

(a)

take the part of the F2pensioner's assumed earnings factor for the year which exceeds the QEF F3... ;

(b)

multiply that amount in accordance with the last order under section 130 of the Administration Act to come into force before the end of the final relevant year;

(c)

multiply the amount found under paragraph (b) above by 20 per cent.;

(d)

divide the amount found under paragraph (c) above by the number of relevant years in the pensioner's working life.

(2)

Section 44B above is to be ignored in applying section 44(6) above for the purposes of this paragraph.

Annotations

Textual amendments

F1: Sch. 4B inserted (11.2.2008) by Pensions Act (Northern Ireland) 2008 (c. 1), Sch. 2 para. 1
F2: Words in Sch. 4B para. 10(1)(a) substituted (3.1.2012) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(1), Sch. 3 para. 12(8) (with s. 73); S.R. 2011/441, art. 2(c)(xii)
F3: Words in Sch. 4B para. 10(1)(a) repealed (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(2), Sch. 10 Pt. 6 (with s. 73)