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Statutory Instrument

The Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987

Citation
S.I. 1987/1513
As at
Sections
3
Section 1

These Regulations may be cited as the Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987 and shall come into force on 28th August 1987.

Section 2

These Regulations determine the amount of a maximum rate lump sum for the purposes of paragraphs 20 and 21 of Schedule 3 to the Finance (No.2) Act 1987.

Section 3

The amount of a maximum rate lump sum shall be the appropriate fraction of the employee’s relevant annual remuneration ascertained from the Table in the Schedule to these Regulations by reference to the period of the employee’s service with the employer.

3 sections

Cite this legislation

The Occupational Pension Schemes (Maximum Rate Lump Sum) Regulations 1987 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-1987-1513

Contains public sector information licensed under the Open Government Licence v3.0.

OGL-3

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