Assertion: commutation | /r/CapableOf | extinguish member’s defined benefits
Facets:
value: under the scheme
type: OTHER
Source sentences:
text: this is available where the aggregate value of a member’s benefits across all registered pension schemes is £30,000 or less (again, this includes any DC benefits held by the member), and the commutation will extinguish the member’s defined benefits under the scheme (DC benefits cannot be trivially commuted).