Automatic Enrolment Retirement Savings System Act 2024
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Payment to participant at or after pensionable age | ||
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83. (1) Where a participant makes an application to the Authority to withdraw the balance referred to in a notification under section 82 (1)(d), the Authority shall promptly— | ||
(a) pay the amount as a lump sum to the participant, or | ||
(b) where regulations under section 80 apply, transfer the amount in accordance with the regulations for the payment of benefits to or in respect of the participant. | ||
(2) The Authority shall specify, and publish on a website maintained by or on behalf of the Authority, the procedure for applications and payments made in accordance with subsection (1). |