Part 1 New Schedule 4B to the SSCBA
Pensions Act 2007 (2007 c 22) | Legislation

SCHEDULE 2 Additional Pension: Simplified Accrual Rates

Section 11

Part 1 New Schedule 4B to the SSCBA

1

After Schedule 4A to the SSCBA (additional pension) insert the following Schedule.

“SCHEDULE 4B
Additional Pension: Accrual Rates for Purposes of Section 45(2)(D)
Section 45
Part 1
Amount for Purposes of Section 45(2)(d)
1

(1)     The amount referred to in section 45(2)(d) is to be calculated as follows—

(a)     calculate the appropriate amount for each of the relevant years within section 45(2)(d) to which Part 2 of this Schedule applies;

(b)     calculate the appropriate amount for each of the relevant years within section 45(2)(d) to which Part 3 of this Schedule applies; and

(c)     add those amounts together.

(2)     But if the resulting amount is a negative one, the amount referred to in section 45(2)(d) is nil.

Part 2
Normal Rules: Employment Not Contracted-Out
Application
2

This Part applies to a relevant year if the contracted-out condition is not satisfied in respect of any tax week in the year.

Appropriate amount for year
3

The appropriate amount for the year for the purposes of paragraph 1 is either—

(a)     the flat

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