# Pension Schemes Act 1993, Section 101C: Basic principle as to pension credit benefit.


(1) The normal benefit age in relation to a pension credit benefit for a member of a scheme—
(a) must not be lower than 60, and
(b) must not be higher than the permitted maximum.
(1A) The “permitted maximum” is 65 or, if higher, the highest normal pension age for any benefit that is payable under the scheme to or in respect of any of the members by virtue of rights which are not attributable (directly or indirectly) to a pension credit.
(2) A scheme must not provide for payment of pension credit benefit in the form of a lump sum at any time before normal benefit age, except in such circumstances as may be prescribed.

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Source: https://www.legislation.gov.uk/ukpga/1993/48/section/101C (the official version)
Page: https://openlegislation.uk/pension-schemes-act-1993/section-101C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.