SCHEDULES
C5C6SCHEDULE 29Registered pension schemes: authorised lump sums—supplementary
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
Sch. 29 Pt. 1 modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 25(1)(2)(4)
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.
Sch. 29 modified (6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 15