11.11.1 Introduction

Lump sum protection is available where the conditions for member-specific lump sum protection are unavailable. This will arise when either the member has not claimed primary or enhanced protection or the value of lump sum rights at 5 April 2006 was no more than £375,000 (or both).

The facility, which does not have to be claimed, allows the member a pension commencement lump sum of more than 25% of total benefits attaching to a scheme at a BCE. The measure, as we saw above, includes deemed lump sum rights in respect of benefits crystallised before 6 April 2006.

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