Effect of a lump sum payment where a person is treated as being a deferred member13
1
Subject to paragraph (2), where a person—
a
received a lump sum under the scheme rules before the assessment date; and
b
is treated as being a deferred member of the scheme immediately before the assessment date by virtue of paragraph 15A of Schedule 7 to the Act,
Schedule 7 to the Act shall apply as if paragraph 19 of Schedule 7 (compensation payable as a lump sum) were omitted.
2
Paragraph (1) does not apply where that person received the lump sum by reason of exercising an option to commute any portion of the pension for a lump sum.