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Paragraph 1 Interpretation

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

In this Schedule—

  • “additional benefits” means—

    1. (a)

      where the election is an election such as is mentioned in paragraph 5(a) or 12(a), an increased retirement pension, and

    2. (b)

      where the election is an election such as is mentioned in paragraph 5(b) or 12(b), an increased retirement pension and increased benefits for the person’s dependants,

  • “financial year” means—

    1. (a)

      the period starting on 1st January 2007 and ending on 31st March 2008, and

    2. (b)

      each subsequent period of 12 months ending on 31st March.

  • “monthly contribution election” means an election which, pursuant to paragraph 3(a) states that the additional contributions are to be paid in monthly payments,

  • “the payment period” has the meaning in paragraph 3(a),

  • “the start date” in relation to any election means the date on which the first contribution or, as the case may be, the lump sum contribution is received by the Secretary of State pursuant to the election.