Paragraph 31

In paragraph 12 (interpretation of Part 1), after sub-paragraph (1) insert—

“(1A)

For the purposes of determining whether all or part of the member's lifetime allowance is available—

(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 or 15A of Schedule 32, would have been a benefit crystallisation event is to be treated as if it were such an event.”