Paragraph 6 Commutation of the whole of pension credit benefit before normal benefit ageF1
A pension credit member shall be entitled to the commutation of the whole of his pension credit benefit before having reached normal benefit age in the circumstances F2referred to in paragraphs (b), (e) and (f) of the lump sum rule in section 166(1) of the 2004 Act.
In the case of a pension credit member to whom this paragraph applies, the Secretary of State may realise the investments made under paragraph 2 without purchasing an annuity and the proceeds shall be payable to the pension credit member as a lump sum.
Annotations
Textual amendments
- F1
Sch. 2 inserted (1.5.2001) by The National Health Service (Pension Scheme and Additional Voluntary Contributions) (Pension Sharing) Amendment Regulations 2001 (S.I. 2001/1428), reg. 1, Sch. 2 para. 6
- F2
Words in Sch. 2 para. 6(1) substituted (with effect from 1.4.2008) by The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2009 (S.I. 2009/2446), regs. 1(2)(3), 105(3)(a)