Paragraph 30 Value of an effective pension age optionI1
United Kingdom
(1)
The value of an effective pension age option at any time is a value determined by the scheme manager as at that timef1.
(2)
A member who has exercised an effective pension age option—
(a)
may at any time ask the scheme manager to provide a statement of the value of the effective pension age option; and
(b)
must ask the scheme manager to provide a statement of the value of the effective pension age option before an added pension option may be exercised in relation to the member.
Annotations
Commencement
- I1
Sch. 1 para. 30 in force at 15.8.2014, see reg. 1(2)
Footnotes
- f1
-
Under paragraph 4(a) (limit on elections), a member may not exercise an added pension option if the value of an effective pension age option exceeds the overall limit of extra pension.