Company Pension Scheme Winding-Up (Do i lose protected rights element?)

shipy

Help please

A few years ago I was the member of a company pension scheme. The company was bought out 4 or 5 years ago and the scheme is now being wound-up.

One of the options offered is to "take my fund value as a winding up lump sum". I understand that 75% of the fund value is subject to my marginal rate of tax.
The fund value states that a large amount of it is in respect of protected rights.
Does anyone know if I would receive the full fund value less tax or if the element of protected right would forfeit?

Just trying to decide whether to take the cash and reduce my mortgage or stick it in pension scheme.

Many thanks.

Unclepetey

I believe that a winding up lump sum commutes all of your rights in the scheme for a lump sum so 75% would not be subject to your marginal rate of tax.

Protected rights can now be commuted as well.