Regulation 14 Repayment in certain casesI1

England, Wales and Scotland

(1)

If a person—

(a)

ceases to be a basic contributor before retiring, and

(b)

does not acquire a right to a cash equivalent, and

(c)

becomes entitled under regulation B6 of the 1987 Regulations to an award by way of repayment of his aggregate pension contributions,

the appropriate lump sum becomes payable.

(2)

If a participator dies before retirement the appropriate lump sum becomes payable.

(3)

The appropriate lump sum is the realisable value of the pension investments.

Annotations