Paragraph 4 Limit on electionsI1
United Kingdom
An added pension option may not be exercised in relation to a member if the member has exercised an effective pension age option or an enhanced effective pension age option and—
(a)
the value of the effective pension age option or enhanced effective pension age option exceeds the overall limit of extra pension; or
(b)
if the added pension option is exercised, the amount of extra pension would exceed the overall limit of extra pension.
Annotations
Commencement
- I1
Sch. 1 para. 4 in force at 15.8.2014, see reg. 1(2)