14Adjustment of pension

14 Adjustment of pension

14 Adjustment of pension

(1) Subject to this Part, the following provisions apply if there is an adjustment percentage for a year—

(a) the amount of the pension payable to a person after 1 July of that year (other than to a person who became a spouse pensioner after that date) is, on and from the adjustment date, adjusted by virtue of this clause by the adjustment percentage for that year,

(b) the amount of the pension payable to a person who became a spouse pensioner after 1 July and on or before 1 April of that year is, on and from the adjustment date, adjusted by virtue of this clause by the percentage calculated in accordance with the formula set out in subclause (2).

(2) The formula referred to in subclause (1) (b) is—

where—

A is the percentage by which the pension is to be adjusted, and

P is the adjustment percentage for the year, and

Q is the number of whole quarters of the year, being the whole quarters after, and (if applicable) the whole quarter on the first day of which the person became a pensioner.

(3) In this clause—

spouse pensioner means a person who is entitled to a pension under this Regulation by virtue of clause 10.