Regulation 12 Relevant benefit crystallisation events: amount of qualifying member’s allowances expendedF1

The amount of a qualifying member’s lump sum allowance or lump sum and death benefit allowance expended on the happening of a relevant benefit crystallisation event for the purposes of these Regulations is the non-taxable amount in relation to the lump sum to which the member becomes entitled, or (as the case may be) the lump sum death benefit which a person is paid in respect of the member.

In this regulation “non-taxable amount”—