Related Commentary  

12(1)  A payment by a public service pension scheme or an occupational pension scheme if–

(a)there are at least 50 members;

(b)any of conditions A, B or C is satisfied;

(c)the member has reached normal minimum pension age or the ill-health condition is met (see paragraph 1 of Schedule 28);

(d)the member–

(i)is not a controlling director of a sponsoring employer of this or any related scheme, and

(ii)is not a person connected to such a person;

(e)the payment does not exceed £10,000;

(f)the payment extinguishes the member’s entitlement to benefits under this scheme;

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