5(1)Paragraph 10 (winding-up lump sum) is amended as follows.
(2)In sub-paragraph (2), for “1% of the standard lifetime allowance when the lump sum is paid,” substitute “£18,000,”.
(3)After that sub-paragraph insert—
“(2A)The Treasury may by order substitute for the amount for the time being specified in sub-paragraph (2) such larger amount as is specified in the order.”