11(1)Schedule 29 (authorised lump sums) is amended as follows.U.K.
(2)In paragraph 1(1) (conditions to be met if lump sum is to be pension commencement lump sum)—
(a)for paragraph (a) substitute—
“(a)the member becomes entitled to it before reaching the age of 75,
(aa)the member becomes entitled to it in connection with becoming entitled to a relevant pension (or dies after becoming entitled to it but before becoming entitled to the relevant pension in connection with which it was anticipated that the member would become entitled to it)”,
(b)in paragraph (c), for “of three months beginning with” substitute “ beginning six months before, and ending one year after, ”, and
(c)omit paragraph (e)(but not including the “and” at the end).
F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In paragraph 2 (“permitted maximum”), after sub-paragraph (5) insert—
“(5A)But if the member dies before becoming entitled to the relevant pension in connection with which it was anticipated that the member would become entitled to the lump sum, the permitted maximum is the available portion of the member's lump sum allowance.”
Textual Amendments
F1Sch. 20 para. 11(3) omitted (with effect in accordance with Sch. 16 paras. 85, 107 of the amending Act) by virtue of Finance Act 2011 (c. 11), Sch. 16 para. 84(c)(ii)