4(1)Paragraph 7 (trivial commutation lump sum) is amended as follows.U.K.
(2)In sub-paragraph (4), for “1% of the standard lifetime allowance on the nominated date.” substitute “ £18,000. ”
(3)After that sub-paragraph insert—
“(4A)The Treasury may by order substitute for the amount for the time being specified in sub-paragraph (4) such larger amount as is specified in the order.”