Retirement Savings Accounts Regulations 1997
SCHEDULE 4
For clause 1 , the remaining term of a market linked pension is rounded as follows: (a) if the commencement day of the pension is on or after 1 January in a financial year - rounded up to the nearest whole year; (b) if the commencement day of the pension is on or before 31 December in a financial year - rounded down to the nearest whole year.
Paragraph 1.07(3A)(b)
Sch 4, inserted by SR No 147 of 2004, reg 3 and Sch 3 item 12, is not effective until 20 September 2004.
PAYMENTS FOR MARKET LINKED PENSIONS
SECTION 5. 5.For clause 1 , the remaining term of a market linked pension is rounded as follows: (a) if the commencement day of the pension is on or after 1 January in a financial year - rounded up to the nearest whole year; (b) if the commencement day of the pension is on or before 31 December in a financial year - rounded down to the nearest whole year.
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