35(1)Paragraph 15 (uncrystallised funds lump sum death benefit) is amended as follows.
(2)In sub-paragraph (1)—
(a)omit paragraphs (a) and (c);
(b)at the end of paragraph (d) insert “, and
(e)it is not a charity lump sum death benefit.”;
(c)at the end insert—
“But, in a case where the member had not reached the age of 75 at the date of the member’s death, a lump sum death benefit is an uncrystallised funds lump sum death benefit only if it is paid before the end of the relevant two-year period.”
(3)After that sub-paragraph insert—
“(1A)The relevant two-year period” means the period of two years beginning with the earlier of the day on which the scheme administrator first knew of the member’s death and the day on which the scheme administrator could first reasonably be expected to have known of it.”