Lump sums to be payable to persons aged 75 or over
25In paragraph 2 (pension commencement lump sum: calculation of permitted maximum), after sub-paragraph (7) insert—
“(7A)For the purposes of determining the available portion of the member’s lump sum allowance—
(a)the fact that benefit crystallisation event 5 or benefit crystallisation event 5B has occurred in relation to the member is to be disregarded, and
(b)anything which, but for paragraph 2 or 15A of Schedule 32, would have been a benefit crystallisation event is to be treated as if it were such an event.”