Where the total value of an individuals’ crystallised and
uncrystallised lump sum rights on 5 April 2006 is more than
£375,000 this section (
RPSM03105190 to
RPSM03105230) applies.
This section does not apply if the total value of an
individuals’ crystallised and uncrystallised lump sum rights
on 5 April 2006 is £375,000 or less.
If an individual with total lump sum rights of £375,000
or less has in any pension scheme uncrystallised lump sum rights of
more than 25% of the value of their total uncrystallised rights in
that scheme see
RPSM03105500.
If an individual with total lump sum rights of £375,000
or less does not have uncrystallised lump sum rights of more than
25% of the value of their total uncrystallised rights in that
scheme there is no lump sum protection. The normal payment rules
for
pension commencement lump sums will apply –
see
RPSM09104100.
| Glossary ( RPSM20000000) |
