Paragraph 21
A summary of what can be done with a member's accrued rights where the member leaves pensionable service before normal pension age, including whether the accrued rights can be transferred out of the scheme, converted into an annuityF1, designated as available for the payment of drawdown pension and commuted to a lump sum.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 21 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(2)
Notes on Schedule 2
Textual amendments
- F1
Words in Sch. 2 inserted (4.12.2025) by The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025 (S.I. 2025/1113), regs. 1(3), 4(6)(a)