SCHEDULE 3 - Conversion factorSCHEDULE 3 - Conversion factors for purposes of regulation 29

# SCHEDULE 3 - Conversion factor SCHEDULE 3 - Conversion factors for purposes of regulation 29 [Regulation 29](#GS29@EN) > **1.**   For the purposes of [regulation 29](#GS29@EN) , the conversion factor for determining a lump sum payment under that regulation for each $1 converted by a person referred to in that regulation is, subject to clause 2, as follows: > > | Age of person on expiration of period of 3 months referred to in regulation 29 | Conversion factor | > | 65 or less | 10 | > | 66 | 9·8 | > | 67 | 9·6 | > | 68 | 9·4 | > | 69 | 9·2 | > | 70 | 9 | > | 71 | 8·6 | > | 72 | 8·2 | > | 73 | 7·8 | > | 74 | 7·4 | > | 75 | 7 | > | 76 | 6·6 | > | 77 | 6·2 | > | 78 | 5·8 | > | 79 | 5·4 | > | 80 | 5 | > | 81 | 4·6 | > | 82 | 4·2 | > | 83 | 3·8 | > | 84 | 3·4 | > | 85 | 3 | > | 86 | 2·9 | > | 87 | 2·8 | > | 88 | 2·7 | > | 89 | 2·6 | > | 90 | 2·5 | > | 91 | 2·4 | > | 92 | 2·3 | > | 93 | 2·2 | > | 94 | 2·1 | > | 95 | 2 | > | 96 | 1·9 | > | 97 | 1·8 | > | 98 | 1·7 | > | 99 | 1·6 | > | 100 or over | 1·5 | > **2.**   The conversion factor relating to any age is to be reduced by 1/12th of the difference between that factor and the next following factor for each complete month by which the age of the person entitled exceeds that for which a factor is given.