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Paragraph 5 F1

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

The earnings-related amount for the year is calculated as follows—

(a)

take the part of the F2earnings factor for the year which exceeds the LET 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 sub-paragraph (b) above by 10 per cent.;

(d)

divide the amount found under sub-paragraph (c) above by 44.

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

F3

Words in Sch. 4B para. 5(a) repealed (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), s. 118(2), Sch. 10 Pt. 6 (with s. 73)