Finance Act 2004 (c. 12)

SCHEDULES

SCHEDULE 29 Registered pension schemes: authorised lump sums—supplementary

Part 1 Lump sum rule

Trivial commutation lump sum

9 (1) The value of the member’s uncrystallised rights on the nominated date is the aggregate value of the member’s uncrystallised rights on that date under each arrangement relating to the member under a registered pension scheme.

(2) The value on the nominated date of the member’s uncrystallised rights under such an arrangement is to be calculated in accordance with section 212 (valuation of uncrystallised rights for purposes of section 210).