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[F130A. Where a person elects to be entitled to a lump sum under Schedule 5 or 5A to the 1992 Act or under Schedule 1 to the Social Security (Graduated Retirement Benefit) Regulations 2005, or is treated as having made such an election, and a payment has been made pursuant to that election, an amount equal to—S
(a)except where sub-paragraph (b) applies, the amount of any payment or payments made on account of that lump sum; or
(b)the amount of that lump sum,
but only for so long as that person does not change that election in favour of an increase of pension or benefit.]
Textual Amendments
F1Sch. 4 para. 30A inserted (1.4.2016) by The Council Tax Reduction (Scotland) Amendment Regulations 2016 (S.S.I. 2016/81), regs. 1(2), 26(b)