Social Security Revaluation of Earnings Factors Order 2005 comes into force
Implementation date: 6 April 2005
The Order directs that the earnings factors relevant to the calculation of the additional pension in the rate of any long-term benefit or of any guaranteed minimum pension are to be increased. The percentage for the tax year 2004-2005 is 4.1%, and those for earlier tax years have been increased so that the earnings factors for those years are revalued at 2004-2005 earnings levels. The Order can be viewed on the OPSI website.