# Finance Act 2011, Paragraph 24


(1) Paragraph 1 (pension commencement lump sum) is amended as follows.
(2) In sub-paragraph (1)—
(a) omit paragraph (a);
(b) in paragraph (b), after “available” insert “ (but see sub-paragraph (3A)) ”.
(3) After sub-paragraph (3) insert—
“(3A) In a case where—
(a) the member becomes entitled to a lump sum before reaching the age of 75, but
(b) it is not paid to the member until after the member has reached that age,
the reference in sub-paragraph (1)(b) to the lump sum being paid is to be read as a reference to the member becoming entitled to it.”
(4) In sub-paragraph (6), for the words from “even though” to the end substitute “ even though the condition in sub-paragraph (1)(c) is not met. ”

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/16/paragraph/24 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-16/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.