166 Lump sum rule
Finance Act 2004 (2004 c 12) | Legislation

166  Lump sum rule

(1)     This is the rule relating to the payment of lump sums by a registered pension scheme to a member of the pension scheme (“the lump sum rule”).

Lump sum rule

No lump sum may be paid other than—

(a)     a pension commencement lump sum,

[(aa)     a pension commencement excess lump sum,]

(b)     a serious ill-health lump sum,

[(ba)

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