# Finance Act 2011, Paragraph 34


(1) Paragraph 14 (pension protection lump sum death benefit) is amended as follows.
(2) In sub-paragraph (1), omit paragraph (a).
(3) In sub-paragraph (3), for the definition of “AC” substitute—
“AC is—
(a) in a case where the member became entitled to the pension before reaching the age of 75, the amount crystallised by reason of the member becoming entitled to the pension, and
(b) in a case where the member became entitled to the pension after having reached that age, the amount that would have been so crystallised but for paragraph 2 of Schedule 32,”.

---
Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/16/paragraph/34 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-16/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.