{
  "url": "https://openlegislation.uk/draft-judicial-pensions-regulations-2015/regulation-89",
  "json_url": "https://openlegislation.uk/draft-judicial-pensions-regulations-2015/regulation-89.json",
  "legislation": "ukdsi/2015/9780111124895",
  "legislation_title": "The Judicial Pensions Regulations 2015",
  "legislation_url": "https://openlegislation.uk/draft-judicial-pensions-regulations-2015",
  "path": "regulation/89",
  "kind": "regulation",
  "number": "89",
  "heading": "Option for pension credit member to commute part of pension",
  "text": "(1) A pension credit member who becomes entitled to payment of a pension credit member’s pension under this scheme may opt to exchange part of the pension for a lump sum.\n(2) The option under this regulation may only be exercised—\n(a) by notice to the scheme manager in a form required by the scheme manager; and\n(b) before the first payment of the pension is made.\n(3) If a pension credit member exercises the option under this regulation, for every £1 by which the amount of the member’s annual rate of pension is reduced, the member must be paid a lump sum of £12.\n(4) A pension credit member may not exchange pension for a lump sum under this regulation to the extent that it would result in a scheme chargeable payment for the purposes of Part 4 (pension schemes etc.) of FA 2004.\n(5) This regulation does not apply if the pension debit member from whose rights the pension is derived received a lump sum under Part 7 before the date on which the pension sharing order takes effect.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111124895/regulation/89",
    "retrieved_at": "2026-10-30T15:11:22.124988+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."
}