Paragraph 26 Exercising the effective pension age optionI1
United Kingdom
(1)
A member may exercise an effective pension age option by notice to the scheme manager in any form the scheme manager may require (“the option notice”).
(2)
The option notice must state the effective pension age which is to apply under the option.
(3)
A member may exercise an effective pension age option more than once.
(4)
A member may not exercise an effective pension age option during—
(a)
a period of assumed pay; or
(b)
any scheme year in which the member has reached the overall limit of extra pension for that year.
Annotations
Commencement
- I1
Sch. 1 para. 26 in force at 15.8.2014, see reg. 1(2)