SCHEDULES
SCHEDULE 16Benefits under pension schemes
Part 1Changes to benefits available under pension schemes etc
Lump sums to be payable to persons aged 75 or over
28
1
Paragraph 4 (serious ill-health lump sum) is amended as follows.
2
In sub-paragraph (1)—
F1a
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
omit paragraph (e) (and the “and” before it).
3
After sub-paragraph (2) insert—
3
For the purposes of sub-paragraph (2)—
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 of Schedule 32, would have been a benefit crystallisation event is to be treated as if it were such an event.