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Regulation 8 Calculation of guaranteed minimum pension or premium by reference to the Schedules

Original text. Later amendments are not shown.

In Schedules 1 to 5—

(a)

the cost of providing the guaranteed minimum pension referred to in regulation 7 above in a case to which that regulation applies;

and

(b)

the premium payable, in any other case,

is the amount shown in the appropriate column opposite the age of the person in respect of whom it is payable, adjusted in accordance with regulation 11 of these regulations and multiplied by the accrued rights factor, and “age” means the age attained by that person in the tax year in which the event giving rise to the liability for the premium occurred.