(1) In this Schedule -
"the relevant capital sum in relation to an office or employment" means, subject to subparagraph (2), the aggregate of - (a) the amount of any lump sum (not chargeable to income tax) received (b) the amount equal to the value at the relevant date of any lump sum (not chargeable to income tax) receivable, and (c) the amount equal to the value at the relevant date of any lump sum (not chargeable to income tax) which, on the exercise of an option or a right to commute, in whole or in part, a pension in favour of a lump sum, may be received in the future by the holder in respect of the office or employment in pursuance of any scheme or fund described in section 778(1);
"the standard capital superannuation benefit", in relation to an office or employment, means a sum determined as follows: (a) the average for one year of the holder's taxable emoluments of the office or employment for the last 3 years of his or her service before the
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