RPSM11104300 - Technical Pages: Lifetime allowance: Valuing benefits on BCEs: Augmenting a scheme pension - BCE 3: Contents
Where a scheme pension in payment is augmented (BCE 3): Contents
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Level of pension increases caught by BCE 3 |
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BCE 3 - excepted circumstances |
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BCE 3 - anti-avoidance rule for excepted circumstances provisions. |
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Why BCE 3 only covers scheme pensions, and pension entitlements that are not covered by BCE 3 |
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Abatement of a scheme pension under a public service pension scheme |
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The threshold annual rate |
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The threshold annual rate - the relevant percentage rate |
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The threshold annual rate - the relevant indexation percentage |
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The threshold annual rate - increases not exceeding £250 |
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The threshold annual rate - rounding up |
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The threshold annual rate - increase awarded within 12 months of becoming entitled to a scheme pension |
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The permitted margin |
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The permitted margin where entitlement to the scheme pension arose on or after 6 April 2006 |
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The permitted margin where entitlement to the scheme pension arose on or after 6 April 2006 - calculation A |
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The permitted margin where entitlement to the scheme pension arose on or after 6 April 2006 - calculation B |
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Example of how calculation A and B are worked out where entitlement to the scheme pension arose on or after 6 April 2006 and BCE 3 occurs before 6 April 2008 |
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Example of how calculation A and B are worked out where entitlement to the scheme pension arose on or after 6 April 2006 and BCE 3 occurs on or after 6 April 2008 |
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The permitted margin where entitlement to the scheme pension arose before 6 April 2006 |
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Example of the calculation of the permitted margin where entitlement to the scheme pension arose before 6 April 2006 |
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Calculating the capital crystallised value of any pension increase beyond the permitted margin (‘XP’) |
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Prevention of overlap under BCE 3 when calculating ‘XP’ - further BCE 3 occurs before 10October 2007 |
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Prevention of overlap under BCE 3 when calculating ‘XP’ - further BCE 3 occurs on or after 10 October 2007 |
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Further BCE 3 occurs on or after 10 October 2007: Increasing XP by the relevant annual percentage rate |
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Further BCE 3 occurs on or after 10 October 2007: Increasing XP by relevant indexation percentage |
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Prevention of overlap under BCE 3 when calculating ‘XP’ - further BCE 3 occurs on or after 10 October 2007 - Example |
