{
  "url": "https://openlegislation.uk/pensions-commutation-regulations-1968/regulation-7",
  "json_url": "https://openlegislation.uk/pensions-commutation-regulations-1968/regulation-7.json",
  "legislation": "uksi/1968/1163",
  "legislation_title": "The Pensions Commutation Regulations 1968",
  "legislation_url": "https://openlegislation.uk/pensions-commutation-regulations-1968",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Procedure where application approved by Treasury",
  "text": "(1) If an application for commutation is approved by the Treasury, the Board shall, by means of a notice in writing addressed to the applicant at the address given by him, notify him of the amount of money which would be payable in respect of his application.\n(2) The applicant may, upon receipt of such notice, notify the Board in writing that he wishes the commutation of his pension, to take place; and in that event the applicant shall within the prescribed period either:—\n(a) give notice that he is desirous of having the cheque for the net amount sent through the post in accordance with Regulation 3(1) of the Pensions Commutation Payment Regulations 1958; or\n(b) collect the said cheque in accordance with Regulation 3(2) of those Regulations.\n(3) Within the prescribed period, the applicant may withdraw his application on payment of a fee of £2.10 s.0d.:\n(4) If the applicant does not either comply with the provisions of paragraph 2(a) or (b) of this Regulation, or withdraw his application, the commutation of his pension, or portion of a pension, shall take place on the day following the expiration of the prescribed period, and from that day the net amount shall be available for payment in accordance with the provisions of the Pensions Commutation Payment Regulations 1958.\n(5) In this Regulation, the following expressions have the meanings hereby respectively assigned to them:—\n“the prescribed period” means:—\n(a) in the case of an applicant resident in the United Kingdom or Irish Republic, the period of thirty days beginning with the day of the despatch by the Board of a notice under paragraph (1) of this Regulation; or\n(b) in the case of an applicant not resident as aforesaid, the period of forty two days beginning with such day; or\n(c) such longer period as the Treasury may allow in the exceptional circumstances of any particular case;\n“the net amount” means the amount of money referred to in paragraph (1) of this Regulation subject to the deduction mentioned in Regulation 9(2) of these Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "(1958 II, p. 1796)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1968/1163/regulation/7",
    "retrieved_at": "2026-10-29T23:21:41.197891+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."
}