# The National Health Service Pension Scheme Regulations 2015, Paragraph 3: Conversion of part of pension


(1) Subject to sub-paragraphs (2) and (3), an application under regulation 77 must—
(a) be in writing in such form as the scheme manager may require;
(b) be made—
(i) when the member applies under paragraph 4 of Schedule 3 for payment of the pension; or
(ii) before such later time as the scheme manager specifies in writing; and
(c) specify—
(i) the amount of the lump sum which the member wishes to receive (which must be a multiple of £12); or
(ii) the conversion amount (which must be a whole number of pounds and a multiple of 12).
(2) If the pension is an ill-health pension under regulation 90 an application under regulation 77 must be made—
(a) at the time of claiming that ill-health pension; or
(b) before such later time as the scheme manager specifies in writing.
(3) If the pension is an ill-health pension at Tier 2 paid in substitution for an ill-health pension at Tier 1 by virtue of regulation 93(5), an application under regulation 77—
(a) may only be made in relation to the difference between those pensions; and
(b) must be made—
(i) at the time the member becomes aware of the determination under regulation 93(5); or
(ii) before such later time as the scheme manager specifies in writing.
(4) A member must not exchange pension for a lump sum under regulation 77 to the extent that it would result in a scheme chargeable payment for the purposes of Part 4 (pension schemes etc.) of the 2004 Act (see section 241 of that Act ).

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Source: https://www.legislation.gov.uk/uksi/2015/94/schedule/13/paragraph/3 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/schedule-13/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.