{
  "url": "https://openlegislation.uk/draft-pensions-dashboards-regulations-2022/schedule-3/paragraph-6",
  "json_url": "https://openlegislation.uk/draft-pensions-dashboards-regulations-2022/schedule-3/paragraph-6.json",
  "legislation": "ukdsi/2022/9780348239645",
  "legislation_title": "The Pensions Dashboards Regulations 2022",
  "legislation_url": "https://openlegislation.uk/draft-pensions-dashboards-regulations-2022",
  "path": "schedule/3/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": null,
  "text": "In this Schedule—\n(a) references to deferred members are to be treated as including pension credit members;\n(b) the following definitions apply—\n“accrued value” means an accrued pot value, an accrued fund value, or an annualised accrued value;\n“accrued fund value” means the current value of a member’s accrued rights, expressed as a single amount;\n“accrued pot value” means the current value of a member’s pension benefits, expressed as a single amount;\n“annualised accrued value” means the current value of a member’s pension benefits, expressed as an annual income;\n“annualised projected value” means an estimate of the value of a member’s pension benefits expressed as an annual income at their retirement date;\n“cash balance benefit” has the meaning given by section 75 of the Pension Schemes Act 2015;\n“cash balance scheme” means a scheme which provides cash balance benefits, whether or not the scheme also provides other benefits;\n“lump sum benefit” means a benefit designed to provide a capital value, rather than an income or an amount commuted into a lump sum;\n“pension illustration” means an illustration referred to in paragraph 6(1) of Schedule 6 to the 2013 Regulations;\n“projected fund value” means an estimate of the value of a member’s accrued rights at their retirement date, expressed as a single amount;\n“projected pot value” means an estimate of the value of a member’s pension benefits at their retirement date, expressed as a single amount;\n“projected value” means a projected pot value, a projected fund value, or an annualised projected value;\n“relevant guidance” has the meaning given by regulation 2(1) of the 2013 Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2022/9780348239645/schedule/3/paragraph/6",
    "retrieved_at": "2026-10-30T14:44:48.443534+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."
}