PSI8.1.34 - Lump Sum Benefits and Communication: Maximum Lump Sum Benefits - Retained Lump Sum Benefits - Already Paid

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

[PN16.21]

In practice, although they have an enhanced value by reason of early payment, lump sums already received may be taken at their actual amount, and their pension equivalent calculated as if received (or to be received) concurrently with scheme benefits.

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