24(1)Paragraph 1 (pension commencement lump sum) is amended as follows.U.K.
(2)In sub-paragraph (1)—
(a)omit paragraph (a);
(b)in paragraph (b), after “available” insert “ (but see sub-paragraph (3A)) ”.
(3)After sub-paragraph (3) insert—
“(3A)In a case where—
(a)the member becomes entitled to a lump sum before reaching the age of 75, but
(b)it is not paid to the member until after the member has reached that age,
the reference in sub-paragraph (1)(b) to the lump sum being paid is to be read as a reference to the member becoming entitled to it.”
(4)In sub-paragraph (6), for the words from “even though” to the end substitute “ even though the condition in sub-paragraph (1)(c) is not met. ”