Pensions Act 2007
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Change 1
10 Additional pension: removal of accrual band from 2010-11
(1) Schedule 4A to the SSCBA (additional pension) is amended as follows. (2) In Part 2 (surplus earnings factor) in paragraph 2 (calculation of amount where there is a surplus in pensioner's earnings factor)— (a) in sub-paragraph (4), after “2009” insert “where the tax year concerned falls before 2010-11 ”; (b) after sub-paragraph (4) insert— (4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows— TABLE 2A Amount of surplus | Percentage Band 1 | Not exceeding LET | 40 Band 2 | Exceeding LET but not exceeding AUEL | 10 ; (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) In Part 3 (contracted-out employment) in paragraph 5 (calculation of amount A)— (a) in sub-paragraph (4), after “2009” insert “ where the tax year concerned falls before 2010-11 ”; (b) after sub-paragraph (4) insert— (4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows— TABLE 4A Amount of surplus | Percentage Band 1 | Not exceeding LET | 40 Band 2 | Exceeding LET but not exceeding AUEL | 10 . (4) In paragraph 7 (calculation of amount B second case)— (a) in sub-paragraph (4), after “2009” insert “ where the tax year concerned falls before 2010-11 ”; (b) after sub-paragraph (4) insert— (4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows— TABLE 6A Amount of surplus | Percentage Band 1 | Not exceeding LET | 40 Band 2 | Exceeding LET but not exceeding AUEL | 10 . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) For the heading for that Schedule substitute “Additional pension: accrual rates for purposes of section 45(2)(c)”.
10 Additional pension: removal of accrual band from 2010-11
(1) Schedule 4A to the SSCBA (additional pension) is amended as follows. (2) In Part 2 (surplus earnings factor) in paragraph 2 (calculation of amount where there is a surplus in pensioner's earnings factor)— (a) in sub-paragraph (4), after “2009” insert “where the tax year concerned falls before 2010-11 ”; (b) after sub-paragraph (4) insert— (4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows— TABLE 2A Amount of surplus | Percentage Band 1 | Not exceeding LET | 40 Band 2 | Exceeding LET but not exceeding AUEL | 10 ; (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) In Part 3 (contracted-out employment) in paragraph 5 (calculation of amount A)— (a) in sub-paragraph (4), after “2009” insert “ where the tax year concerned falls before 2010-11 ”; (b) after sub-paragraph (4) insert— (4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows— TABLE 4A Amount of surplus | Percentage Band 1 | Not exceeding LET | 40 Band 2 | Exceeding LET but not exceeding AUEL | 10 . (4) In paragraph 7 (calculation of amount B second case)— (a) in sub-paragraph (4), after “2009” insert “ where the tax year concerned falls before 2010-11 ”; (b) after sub-paragraph (4) insert— (4A) The appropriate table for persons attaining pensionable age on or after 6th April 2009 where the tax year concerned is 2010-11 or a subsequent tax year is as follows— TABLE 6A Amount of surplus | Percentage Band 1 | Not exceeding LET | 40 Band 2 | Exceeding LET but not exceeding AUEL | 10 . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) For the heading for that Schedule substitute “Additional pension: accrual rates for purposes of section 45(2)(c)”.
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