Related Commentary  Related HMRC Manuals

166(1)  This is the rule relating to the payment of lump sums by a registered pension scheme to a member of the pension scheme (“the lump sum rule”).

Lump sum rule

No lump sum may be paid other than–

(a)a pension commencement lump sum,

(b)a serious ill-health lump sum,

(ba)an uncrystallised funds pension lump sum,

(c)a short service refund lump sum,

(d)a refund of excess contributions lump sum,

(e)a trivial commutation lump sum,

(f)a winding-up lump sum,

(g)a lifetime allowance excess lump sum, or

(h)a transitional 2013/14 lump sum.

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