[Part II Surplus Earnings Factor]

[Part II Surplus Earnings Factor]

[2

(1)     This Part of this Schedule applies if for the tax year concerned there is a surplus in the pensioner's earnings factor.

(2)     The amount for the year is to be found as follows—

(a)     calculate the part of the surplus for that year falling into each of the bands specified in the appropriate table below;

(b)     multiply the amount of each such part in accordance with the last order under section 148 of the Administration Act to come into force before the end of the final relevant year;

(c)     multiply each amount found under paragraph

Powered by Lexis+®

Popular documents