{
  "url": "https://openlegislation.uk/pension-sharing-pension-credit-benefit-regulations-2000/regulation-3",
  "json_url": "https://openlegislation.uk/pension-sharing-pension-credit-benefit-regulations-2000/regulation-3.json",
  "legislation": "uksi/2000/1054",
  "legislation_title": "The Pension Sharing (Pension Credit Benefit) Regulations 2000",
  "legislation_url": "https://openlegislation.uk/pension-sharing-pension-credit-benefit-regulations-2000",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Pension credit benefit in lump sum form",
  "text": "For the purposes of section 101C(2) of the 1993 Act (basic principle as to pension credit benefit), the circumstances in which the trustees or managers of a scheme may provide for payment of pension credit benefit in the form of a lump sum before normal benefit age are—\n(a) those which permit payment of a lump sum in accordance with paragraph (a), (aa), (b), (ba), (e) or (f) of the lump sum rule in section 166(1) of the Finance Act 2004 (lump sum rule); or\n(b) that the lump sum payment is—\n(i) made by a registered pension scheme (within the meaning given in section 150(2) of the Finance Act 2004 (meaning of “pension scheme”));\n(ii) a payment that is described in Part 2 of the Registered Pension Schemes (Authorised Payments) Regulations 2009; and\n(iii) made to or in respect of a member.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 3 substituted (1.12.2009) by The Occupational and Personal Pension Schemes (Authorised Payments) Amendment Regulations 2009 (S.I. 2009/2930), regs. 1, 9"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in reg. 3(a) inserted (25.6.2026 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 (S.I. 2026/698), regs. 1(2)(6), 10(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in reg. 3(a) inserted (6.4.2016) by The Pension Sharing (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/289), regs. 1(2), 5(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 3(a) substituted (25.6.2026 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 (S.I. 2026/698), regs. 1(2)(6), 10(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2000/1054/regulation/3",
    "retrieved_at": "2026-10-29T09:12:31.439056+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."
}