# The Personal and Occupational Pension Schemes (Protected Rights) Regulations 1987, Regulation 6: Giving effect to protected rights in money purchase contracted-out scheme by providing lump sum


(1) For the purposes of paragraph 9(3)(b) of Schedule 1 to the Act as modified by section 32(2B) of the Social Security Pensions Act 1975 (effect may be given to protected rights in a money purchase contracted-out scheme by the provision of a lump sum where the annual rate of the pension or annuity would not exceed the prescribed amount) the prescribed amount is £104.
(2) For the purposes of paragraph 9(3)(c) of Schedule 1 to the Act as modified by section 32(2B) of the Social Security Pensions Act 1975 (effect may be given to protected rights in a money purchase contracted-out scheme by the provision of a lump sum in prescribed circumstances) the prescribed circumstances are that—
(a) effect is given to all the member’s protected rights by the provision of a lump sum; and
(b) either—
(i) the member has no rights under the scheme other than his protected rights; or
(ii) effect is given to all those of his rights under the scheme which are not protected rights by the provision of a lump sum.

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Source: https://www.legislation.gov.uk/uksi/1987/1117/regulation/6 (the official version)
Page: https://openlegislation.uk/personal-and-occupational-pension-schemes-protected-rights-regulations-1987/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.