{
  "url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-50",
  "json_url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-50.json",
  "legislation": "uksi/2015/94",
  "legislation_title": "The National Health Service Pension Scheme Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015",
  "path": "regulation/50",
  "kind": "regulation",
  "number": "50",
  "heading": "Revoking a buy-out election",
  "text": "(1) A member (M) may revoke a buy-out election at any time before the end of the period mentioned in regulation 47(2)(a).\n(2) The scheme manager may revoke M's buy-out election if M does not pay contributions for a period of 12 months.\n(3) If a buy-out election is or is taken to have been revoked, M's monthly payments cease to be payable on the date of revocation.\n(4) If, at the revocation date, the buy-out period during which the contributions were paid was less than 12 months—\n(a) the contributions must be re-paid to M; and\n(b) the buy-out election ceases to have effect.\n(5) If, at the revocation date, the buy-out period during which the contributions were paid is 12 months or more—\n(a) contributions paid during the scheme year in which the election is revoked must be repaid to M; and\n(b) the buy-out period ends at the end of the previous scheme year.\n(6) The revocation date is the date the buy-out election is, or is taken to have been, revoked.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/94/regulation/50",
    "retrieved_at": "2026-10-28T23:49:26.680467+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."
}