The applicable amount referred to in ¶378-520 varies according to the nature of the pension entitlement to which the member becomes entitled:

(1)In the case of an income withdrawal, i.e. a drawdown pension (see ¶392-750), it is one-third of the value of the sums and assets designated as being available for that withdrawal (FA 2004, Sch. 29, para. 3(1));

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