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SCHEDULE 1N.I.Payments for extra pension

PART 2N.I.Payments for added pension

CHAPTER 3N.I.Lump sum payments for added pension made by member

Payment by lump sum from a compensation schemeN.I.

17.—(1) This paragraph applies if the member specifies in the option notice that the whole or part of any lump sum payable to the member under a compensation scheme is to be used as a lump sum payment for added pension.

(2) The member’s employer may make a lump sum payment for added pension in relation to the member using the whole or part of the lump sum specified in the option notice.

Commencement Information

I1Sch. 1 para. 17 in operation at 18.12.2014, see reg. 1(2)