48. After paragraph (2A) of regulation 71 (Paying for unreduced lump sum by single payment) insert—
“(2B) A member who has a nominated partner who wishes to pay for an unreduced lump sum by a single payment must elect to do so within 12 months after applying for his nominated partner to receive a dependent surviving nominated partner’s pension under regulation 31F.”.
Commencement Information
I1Reg. 48 in operation at 9.4.2008 with effect in accordance with reg. 1(1)