SCHEDULE 29Registered pension schemes: authorised lump sums—supplementary
Part 1Lump sum rule
F1Uncrystallised funds pension lump sum
4A
(1)
For the purposes of this Part a lump sum is an uncrystallised funds pension lump sum if—
(a)
it is paid on or after 6 April 2015 in respect of a money purchase arrangement F2that is not a collective money purchase arrangement,
F3(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)
it is paid when the member has reached normal minimum pension age (or the ill-health condition is met),
(d)
it is not a pension commencement lump sum,
(e)
it is not a lump sum that, for the purposes of Part 9 of ITEPA 2003 (pension income), is treated by regulations under section 164(1)(f) and (2) as a trivial commutation lump sum paid to the member, F4and
(f)
immediately before the member becomes entitled to it, the sums or assets that are to be used to provide it—
(i)
represent rights of the member under the scheme that are uncrystallised rights as defined by section 212(1) and (2), but
(ii)
do not to any extent represent rights attributable to a disqualifying pension credit, F5...
F6(g)
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F7(2)
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F8(3)
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F8(4)
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F8(5)
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F8(6)
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F9(7)
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F10(8)
For further provision about circumstances in which a lump sum is not an uncrystallised funds pension lump sum, see the following provisions of Part 2 of Schedule 36 (transitional provision and saving: pre-commencement rights: enhancement of allowances)—
(a)
paragraph 7(8) (enhancement of allowances: primary protection);
(b)
paragraph 12(3H) (enhancement of allowances: enhanced protection);
(c)
paragraph 18(7) (enhancement of allowances: pre-commencement pension credits);
(d)
paragraph 20A(8) (pension credits from previously crystallised rights);
(e)
paragraph 20B(8) (individuals who are not always relevant UK individuals);
(f)
paragraph 20E(9) (transfers from recognised overseas pension schemes).