# The Teachers' Superannuation (Additional Voluntary Contributions) Regulations 1989, Paragraph 8


If the participator retires on a date later than his 60th birthday, the permitted amount is the greatest of J, K and, where applicable, L, where–
J is an amount calculated in accordance with paragraph 7 as at that date,
K is an amount calculated in accordance with paragraph 7 as at his 60th birthday increased, up to that date, either actuarially or in proportion to any increase in the Index, and
L is, in the case of a participator with more than 40 years of relevant employment, 1/60th of his final remuneration for each of up to 45 years of relevant employment, excluding any years before his 60th birthday in excess of 40.

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Source: https://www.legislation.gov.uk/uksi/1989/946/schedule/2/paragraph/8 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-1989/schedule-2/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.