Section 137FBB(6)

Subject to subsection (8) an early exit charge, in relation to a member of a pension scheme, is a charge which— is imposed under the scheme when a member who has reached normal minimum pension age takes the action mentioned in subsection (7), but is only imposed, or only imposed to that extent, if the member takes that action before the member's expected retirement date.

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Source: legislation.gov.uk · retrieved 2026-09-04