SCHEDULES

C5C6SCHEDULE 29Registered pension schemes: authorised lump sums—supplementary

Annotations:
Modifications etc. (not altering text)
C6

Sch. 29 modified by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), art. 23C (as inserted (1.6.2009) by S.I. 2009/1172, arts. 1, 3; and amended (with effect in accordance with art. 1(3) of the amending S.I.) by S.I. 2011/1782, arts. 1(1), 2(3))

C5C2C4Part 1Lump sum rule

Annotations:
Modifications etc. (not altering text)
C4

Sch. 29 Pt. 1 applied (with modifications) (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 11

Serious ill-health lump sum

4

C11

For the purposes of this Part a lump sum is a serious ill-health lump sum if—

a

before it is paid the scheme administrator has received evidence from a registered medical practitioner that the member is expected to live for less than one year,

b

it is paid when all or part of the member’s lifetime allowance is available,

c

it is paid in respect of an uncrystallised arrangement,

d

it extinguishes the member’s entitlement to benefits under the arrangement, and

e

it is paid when the member has not reached the age of 75.

C32

An uncrystallised arrangement is an arrangement in respect of which there has been no previous benefit crystallisation event.