12 Additional pension: upper accrual point
Pensions Act 2007 (2007 c 22) | Legislation

12  Additional pension: upper accrual point

(1)     In section 22 of the SSCBA (earnings factors)—

(a)     in subsection (2A) (person's earnings factors to be treated as derived only from so much of his earnings as did not exceed the upper earnings limit etc) for “the upper earnings limit” substitute “the applicable limit”; and

(b)     after that subsection insert—

“(2B)     “The applicable limit” means—

(a)     in relation to a tax year before the flat rate introduction year, the upper earnings limit;

(b)     in relation to the flat rate introduction year or any subsequent tax year, the upper accrual point.”

(2)     In section 44 of the SSCBA (Category A retirement pension)—

(a)     in subsection (6) (meaning of references to earnings factors) in paragraph (za) for “the upper earnings limit”

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