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Paragraph 13 I1

Northern Ireland Not yet in force

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

(1)

Subject to paragraphs 14 to 16, the additional contributions consist of a lump sum of

A×B×C,

where—

  • A is the length of the past period (that is to say, the period specified under regulation C3(9)(a) or (12)(b), expressed in years and any fraction of a year;

  • B is the annual rate of the person’s contributable salary at the date on which notice of the election was given; and

  • C is the percentage ascertained from Table 3.

TABLE 3

Age at date of electionPercentage
under 2321.08
2420.71
2520.38
2620.08
2719.71
2819.38
2918.93
3018.52
3118.14
3217.79
3317.47
3417.44
3517.41
3617.38
3717.45
3817.52
3917.66
4017.81
4117.96
4218.11
4318.27
4418.48
4518.69
4618.91
4719.12
4819.34
4919.64
5019.94
5120.24
5220.54
5320.85
5421.22
5521.61
5622.01
5722.45
5822.92
5923.45
6024.03
6124.73
6224.29
6323.85
6423.39
6522.93
(2)

If the lump sum is not paid within one month after the date on which the election was accepted the election ceases to have effect.

Annotations

Commencement

I1

Sch. 4 para. 13 in operation at 2.11.1998, see reg. A1