1(1)For the purposes of this Part a lump sum is a pension commencement lump sum if—U.K.
(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[(aa)the member becomes entitled to it in connection with becoming entitled to a relevant pension (or dies after becoming entitled to it but before becoming entitled to the relevant pension in connection with which it was anticipated that the member would become entitled to it)],
(b)it is paid when all or part of the member’s [lump sum allowance is available, and all or part or the member’s lump sum and death benefit allowance is available (see paragraph 12A),]
(c)it is paid within the period [beginning six months before, and ending one year after,] the day on which the member becomes entitled to it [, and]
(d)it is paid when the member has reached normal minimum pension age (or the ill-health condition is satisfied),
(e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...
(f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)But if a lump sum falling within sub-paragraph (1) exceeds the permitted maximum, the excess is not a pension commencement lump sum.
(3)A pension is a relevant pension if—
(a)it is income withdrawal, a lifetime annuity or a scheme pension, and
(b)the member becomes entitled to it ... [under the pension scheme] under which the member becomes entitled to the lump sum.
(3A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)Paragraph 2 defines the permitted maximum.
(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
Modifications etc. (not altering text)