limited price indexation

limited price indexation
limited price indexation (LPI)
In the context of pensions, a method of providing capped annual increases for pensioner members or deferred pensioners. Limited price indexation (LPI) is usually the lesser of the annual increase in the retail prices index and 5%, although the percentage limit can vary. For example, since 6 April 2005, schemes may cap LPI increases to pensions in payment (relating to service after that date) at 2.5% each year.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Limited Price Indexation — or LPI is a pricing index used in the calculation of increases in certain components of scheme pension payments in the UK. The LPI is the Retail Prices Index (RPI) capped at 5%. Since the introduction of the LPI, the RPI has never reached 5%, so… …   Wikipedia

  • LPI — limited price indexation (LPI) In the context of pensions, a method of providing capped annual increases for pensioner members or deferred pensioners. Limited price indexation (LPI) is usually the lesser of the annual increase in the retail… …   Law dictionary

  • LPI — may refer to:*Language Processors, Inc. *Language Proficiency Index *Laser peripheral iridotomy *Licensed Private Investigator *Lightning Protection Institute *Limited Price Indexation *Linear Partial Information *Lines per inch *Link%C3%B6ping… …   Wikipedia

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • Capital gains tax in Australia — Capital Gains Tax (CGT) in Australia applies to the capital gain made on disposal of any asset, except for specific exemptions. The most significant exemption is the family home. Rollover provisions apply to some disposals, one of the most… …   Wikipedia

  • Economic history of Chile — Colonial era to 1690In colonial times, the segmentation of Chile into latifundios left only small parcels for native American and mestizo villagers to cultivate. Cattle raised on the latifundios were a source of tallow and hides, which were sent …   Wikipedia

  • Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… …   Universalium

  • List of Statutory Instruments of the United Kingdom, 1994 — This is a complete list of all 1851 Statutory Instruments published in the United Kingdom in the year 1994. NOTOC 1 100* Public Telecommunication System Designation (Vodafone Limited) Order 1994 S.I. 1994/1 * Oxfordshire County Council (Shifford… …   Wikipedia

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • List of Statutory Instruments of the United Kingdom, 1992 — This is a complete list of all 1922 Statutory Instruments published in the United Kingdom in the year 1992. NOTOC 1 100* North Hull Housing Action Trust (Transfer of Property) Order 1992 S.I. 1992/1 * Merchant Shipping (Radio Installations)… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”