OpenLegislation

Paragraph 4 Limit on added pension options

Original text. Later amendments are not shown.

An added pension option may not be exercised in relation to a member if the member has exercised an effective pension age option and—

(a)

the value of the effective pension age option exceeds the overall limit of extra pension; or

(b)

if the added pension option is exercised, the amount of extra pension would exceed the overall limit of extra pension.