
1 
These Regulations may be cited as the Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987 and shall come into force on 28th August 1987.
2 
These Regulations determine the amount of a maximum rate lump sum for the purposes of paragraphs 20 and 21 of Schedule 3 to the Finance (No.2) Act 1987.
3 
The amount of a maximum rate lump sum shall be the appropriate fraction of the employee’s relevant annual remuneration ascertained from the Table in the Schedule to these Regulations by reference to the period of the employee’s service with the employer.
A. B. Fallows
T. J. Painter
Two of the Commissioners of Inland Revenue
26th August 1987
SCHEDULE
Regulation 3


Table
Period of Service Fraction of relevant remuneration
Years Months Days Eightieths 
1—8   1 for every 4 months
8 2  25
8 4  26
8 6  27
8 8  28
8 10  29
9   30
9 2  31
9 4  32
9 6  33
9 8  34
9 10  35
10   36
10 2  37
10 4  38
10 6  39
10 8  40
10 10  41
11   42
11 2  43
11 4  44
11 6  45
11 8  46
11 10  47
12   48
12 2  49
12 4  50
12 6  51
12 8  52
12 10  53
13   54
13 1 10 55
13 2 20 56
13 4  57
13 5 10 58
13 6 20 59
13 8  60
13 9 10 61
13 10 20 62
14   63
14 1 10 64
14 2 20 65
14 4  66
14 5 10 67
14 6 20 68
14 8  69
14 9 10 70
14 10 20 71
15   72
15 1 10 73
15 2 20 74
15 4  75
15 5 10 76
15 6 20 77
15 8  78
15 9 10 79
15 10 20 80
16   81
16 1 10 82
16 2 20 83
16 4  84
16 5 10 85
16 6 20 86
16 8  87
16 9 10 88
16 10 20 89
17   90
17 1 10 91
17 2 20 92
17 4  93
17 5 10 94
17 6 20 95
17 8  96
17 9 10 97
17 10 20 98
18   99
18 1 10 100
18 2 20 101
18 4  102
18 5 10 103
18 6 20 104
18 8  105
18 9 10 106
18 10 20 107
19   108
19 1  109
19 2  110
19 3  111
19 4  112
19 5  113
19 6  114
19 7  115
19 8  116
19 9  117
19 10  118
19 11  119
20 or more   120