SCHEDULES
SCHEDULE 5Pension Increase or Lump Sum Where Entitlement to Retirement Pension is Deferred
F1Lump sum where pensioner’s entitlement is deferred
3A.
(1)
This paragraph applies where—
(a)
a person’s entitlement to a Category A or Category B retirement pension is deferred, and
(b)
the person has made (or is treated as having made) an election under paragraph A1(1)(b) in relation to the period of deferment.
(2)
The person is entitled to an amount calculated in accordance with paragraph 3B (a “lump sum”).