Statement of amount of added pensionN.I.
18.—(1) If the scheme manager so requires, the member before exercising the option must ask the scheme manager to provide a statement of the amount of added pension.
(2) A statement of the amount of added pension must set out the amount that would be credited to the active member’s account if the lump sum is received by the scheme manager within one month after the date of the statement.
(3) The statement must also—
(a)specify the overall limit of extra pension; and
(b)inform the member if it appears to the scheme manager that the overall limit of extra pension would be exceeded if the active member’s account is credited with the amount of added pension set out in the statement.
Commencement Information
I1Sch. 1 para. 18 in operation at 18.12.2014, see reg. 1(2)