[SCHEDULE 5A Pension Increase or Lump Sum where Entitlement to Shared Additional Pension is Deferred]
Social Security Contributions and Benefits Act 1992 (1992 c 4) | Legislation

[SCHEDULE 5A Pension Increase or Lump Sum where Entitlement to Shared Additional Pension is Deferred]

[Choice between pension increase and lump sum where entitlement to shared additional pension is deferred

1

(1)     Where a person's entitlement to a shared additional pension is deferred and the period of deferment is at least 12 months, the person shall, on claiming his pension or within a prescribed period after claiming it, elect in the prescribed manner either—

(a)     that paragraph 2 (entitlement to increase of pension) is to apply in relation to the period of deferment, or

(b)     that paragraph 4 (entitlement to lump sum) is to apply in relation to the period of deferment.

(2)     If no election under sub-paragraph (1) is made within the period prescribed under that sub-paragraph, the person is to be treated as having made an election under sub-paragraph (1)(b).

(3)     Regulations—

(a)     may enable a person who has made an election under sub-paragraph (1) (including one that the person is treated by sub-paragraph (2) as having made) to change the election within a prescribed period and in a prescribed manner, if prescribed conditions are satisfied, and

(b)     if they enable a person to make an election under

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