# The Pension Sharing (Pension Credit Benefit) Regulations 2000, Regulation 3: Pension credit benefit in lump sum form

Extent: E+W+S

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—
(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
(b) that the lump sum payment is—
(i) made by a registered pension scheme (within the meaning given in section 150(2) of the Finance Act 2004 (meaning of “pension scheme”));
(ii) a payment that is described in Part 2 of the Registered Pension Schemes (Authorised Payments) Regulations 2009; and
(iii) made to or in respect of a member.

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Source: https://www.legislation.gov.uk/uksi/2000/1054/regulation/3 (the official version)
Page: https://openlegislation.uk/pension-sharing-pension-credit-benefit-regulations-2000/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.