Paragraph 3 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)

The appropriate amount for the year for the purposes of paragraph 1 above 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

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. 3(a) substituted (3.1.2012) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(1), Sch. 3 para. 12(3)(a) (with s. 73); S.R. 2011/441, art. 2(c)(xii)
F3: Words in Sch. 4B para. 3(b) substituted (3.1.2012) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(1), Sch. 3 para. 12(3)(b) (with s. 73); S.R. 2011/441, art. 2(c)(xii)