{
  "url": "https://openlegislation.uk/draft-age-related-payments-regulations-2013-ukdsi-2013-9780111100752/regulation-1",
  "json_url": "https://openlegislation.uk/draft-age-related-payments-regulations-2013-ukdsi-2013-9780111100752/regulation-1.json",
  "legislation": "ukdsi/2013/9780111100752",
  "legislation_title": "The Age-Related Payments Regulations 2013",
  "legislation_url": "https://openlegislation.uk/draft-age-related-payments-regulations-2013-ukdsi-2013-9780111100752",
  "path": "regulation/1",
  "kind": "regulation",
  "number": "1",
  "heading": "Citation, commencement and interpretation",
  "text": "(1) These Regulations may be cited as the Age-Related Payments Regulations 2013 and come into force on the day after the day on which they are made.\n(2) In these Regulations—\n“Equitable Life” means the Equitable Life Assurance Society;\n“individual with-profits annuity policy” means an individual with-profits policy under which the financial benefit is an annuity;\n“individual with-profits policy” means a contract of insurance under which—\n(a) there is only one person eligible to receive a financial benefit under the contract;\n(b) that person is an individual; and\n(c) that person is eligible to receive that financial benefit at the discretion of the insurer;\n“joint with-profits annuity policy” means a joint with-profits policy under which the financial benefit under the contract is an annuity;\n“joint with-profits policy” means a contract of insurance under which—\n(d) there is more than one person eligible to receive a financial benefit under the contract;\n(e) each person eligible to receive a financial benefit under the contract is an individual; and\n(f) each person eligible to receive a financial benefit under the contract is eligible to receive that financial benefit at the discretion of the insurer;\n“Prudential” means the Prudential Assurance Company Limited (company registered number 15454);\n“qualifying Equitable Life annuitant” means an individual who, on 20th March 2013—\n(g) was alive;\n(h) had attained the age of 60 years; and\n(i) was eligible to receive an annuity payment from Prudential under a relevant with-profits annuity policy;\n“relevant with-profits annuity policy” means an individual with-profits annuity policy or a joint with-profits annuity policy that was purchased from Equitable Life on or before 31st August 1992 and was in force on 20th March 2013.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111100752/regulation/1",
    "retrieved_at": "2026-10-30T15:15:22.919642+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}