SCHEDULES
F1F1SCHEDULE 23
Annotations:
Amendments (Textual)
Lump sums
6
1
This paragraph applies where an employee becomes a member of the scheme on or after 17th March 1987.
C12
If the rules of the scheme allow the employee to obtain, (by commutation of his pension or otherwise), a lump sum or sums calculated by reference to his relevant annual remuneration, they shall have effect as if they included a rule that in calculating a lump sum any excess of that remuneration over the permitted maximum should be disregarded.
Sch. 23 repealed (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3, Note (with Sch. 36)