Part IV Protection for early leavers
F1Chapter 5Early leavers: cash transfer sums and contribution refunds
101ADExercise of right under section 101AB
(1)
This section applies where a member of an occupational pension scheme acquires a right under section 101AB.
(2)
The member may exercise the right by giving a notice in writing to that effect to the trustees or managers stating—
(a)
which of the options under section 101AB(1) he elects, and
(b)
if he elects for the cash transfer sum, the permitted way in which he requires that sum to be used.
(3)
The notice under subsection (2) must be given on or before—
(a)
the reply date, or
(b)
such later date as the trustees or managers may allow in his case under section 101AI(2).