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Paragraph 1

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

A transfer value is calculated on the cash equivalent basis if it is calculated in the manner prescribed under paragraph 14 of Schedule 1A to the Pensions Actf1 for the calculation of cash equivalents.

Annotations

Footnotes

f1

1975 c. 60; Schedule 1A was inserted by the Social Security Act 1985 (c. 53), Schedule 1, paragraph 3, and amended by the Social Security Act 1986 (c. 50), Schedule 10, paragraphs 29 and 30.