{
  "url": "https://openlegislation.uk/firefighters-pension-scheme-england-regulations-2014/regulation-71",
  "json_url": "https://openlegislation.uk/firefighters-pension-scheme-england-regulations-2014/regulation-71.json",
  "legislation": "uksi/2014/2848",
  "legislation_title": "The Firefighters’ Pension Scheme (England) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/firefighters-pension-scheme-england-regulations-2014",
  "path": "regulation/71",
  "kind": "regulation",
  "number": "71",
  "heading": "Option to commute part of pension",
  "text": "(1) A member who becomes entitled to the immediate payment of a retirement pension may opt under this regulation to exchange part of the pension for a lump sum.\n(2) The option may only be exercised—\n(a) by written notice to the scheme manager which sets out the amount to be commuted; and\n(b) before the first payment of the pension is made.\n(3) If a member exercises the option, 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 member may not exchange for a lump sum more than the lesser of—\n(a) 25% of the pension ... under this regulation; or\n(b) the proportion of the pension to the extent that it would result in a scheme chargeable payment for the purposes of Part 4 of FA 2004.\n(5) This regulation does not apply to a pension derived from pension credit rights if the pension debit member from whose rights the pension is derived has received a lump sum under this regulation before the date on which the pension sharing order takes effect.\n(6) This regulation does not apply to a higher tier ill-health pension.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 71(4) inserted (with effect from 1.4.2015) by The Firefighters’ Pension Scheme (England) (Amendment) Regulations 2017 (S.I. 2017/888), regs. 1(1)(2), 5(3)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 71(4)(a) omitted (with effect from 1.4.2015) by virtue of The Firefighters’ Pension Scheme (England) (Amendment) Regulations 2017 (S.I. 2017/888), regs. 1(1)(2), 5(3)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 71 in force at 1.4.2015, see reg. 1(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "See section 241 of the Finance Act 2004."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/2848/regulation/71",
    "retrieved_at": "2026-10-28T23:58:36.876688+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."
}