PART 2Modifications of Part 4 of the Finance Act 2004
CHAPTER 3Benefits
Pension commencement lump sum: additional lump sum paid to memberI118
1
Paragraph (2) applies where—
a
as a result of a relevant rectification provision, an amount by way of lump sum (“the additional lump sum”) has become payable to an individual under a pension scheme, and
b
the additional lump sum—
i
ii
could not reasonably have been paid within that period, and
iii
would, if it had been paid within that period, have been a pension commencement lump sum.
2
The additional lump sum is a pension commencement lump sum.