The Teachers’ Pension Scheme Regulations 2014 No. 512

PART 8 Payment of benefits

CHAPTER 3 Payment of lump sums

Amount of lump sum payable under regulation 168

169.  The amount of a lump sum payable to a person (P) under regulation 168 must—

(a) be a multiple of £12; and

(b) not exceed P’s permitted maximum.