RPSM09105140 - Technical Pages: Member benefits: Lump sums: Winding-up lump sum: Amount of lump sum

Level of winding-up lump sum that may be paid

• Under a money purchase arrangement this will be the fund held in that arrangement.
• Under a defined benefits arrangement, it is for the scheme to attribute a capital value to the pension benefit entitlement being commuted for the purposes of deciding the size of the payment to be made.