Regulation 14

(1)

Section 168 of FA 2004 (lump sum death benefit rule) and Part 2 of Schedule 29 to that Act (authorised lump sums: lump sum death benefit rule) apply to the payment of lump sums by the Pension Protection Fund to a dependant of a qualifying individual.

F1(2)

In paragraph (1) a “qualifying individual” means—

(a)

an individual who was a member of a scheme for which the Board of the Pension Protection Fund has assumed responsibility, or

(b)

an individual who was a transferee entitled to a pension compensation credit referred to in section 111(1) of PA 2008 or section 89(1) of P ( No. 2)A( NI ) 2008 (creation of pension compensation debits and credits).

Annotations

Textual amendments

F1: Reg. 14(2) substituted (31.5.2013) by The Pension Protection Fund (Tax) (Amendment) Regulations 2013 (S.I. 2013/1117), regs. 1, 8