Paragraph 5

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

Sch. para.8 amended by Teachers' Superannuation (Additional Voluntary Contributions) 2000 reg.7(1)
Sch. para.SA added by Teachers' Superannuation (Additional Voluntary Contributions) 2000 reg.7(2)
Sch. para. 3 words substituted by Teachers' Pensions 1997 reg. H11(11)
Sch. para. 4(1) words substituted by Teachers' Pensions 1997 reg. H11(11)
Sch. para. 5(2) words substituted by Teachers' Pensions 1997 reg. H11(12)
Sch. para. 11(1) words substituted by Teachers' Pensions 1997 reg. H11(13)
Sch. para. 12 words substituted by Teachers' Pensions 1997 reg. H11(14)

(1)

Where the participator entered pensionable employment on or after 1st June 1989 and the final remuneration, calculated under paragraph 4, exceeds the permitted maximum in terms of section 590C of the Taxes Act^f1, no account shall be taken of the excess over that amount.

(2)

Subparagraph (1) shall not apply—to a participator to whom regulation C1 (13) or C1(14) and (15)^f2 of the 1988 Regulations applies.

Annotations

Footnotes

f1: Section 590C was inserted by the Finance Act 1989 (c. 26), Schedule 6, paragraph 4.
f2: Regulation C1(13) to (15) was inserted by S.I. 1993/114.