{
  "url": "https://openlegislation.uk/registered-pension-schemes-relevant-annuities-regulations-2006/regulation-3",
  "json_url": "https://openlegislation.uk/registered-pension-schemes-relevant-annuities-regulations-2006/regulation-3.json",
  "legislation": "uksi/2006/129",
  "legislation_title": "The Registered Pension Schemes (Relevant Annuities) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/registered-pension-schemes-relevant-annuities-regulations-2006",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Definition of “annual amount”",
  "text": "(1) For the purposes of Part 4 of the Act the “annual amount” of a relevant annuity is the rate of annual income which the tables, published for this purpose by the Government Actuary’s Department, show as available if—\n(a) a relevant annuity were purchased by the application of the sums and assets representing the member’s pension fund valued at the relevant date; and\n(b) the purchaser were the same age and sex as the member or dependant (but in any case where that age is greater than 75, it shall be treated as 75).\n(2) For the purposes of paragraph (1) the “relevant date” is—\n(a) for the first unsecured pension year falling within a reference period—\n(i) the nominated date, as set out in paragraph 10(3)(a) or 24(3)(a) (as the case requires); or\n(ii) if there has been an additional fund designation made during that year, the date on which that designation was made;\n(b) for each other unsecured pension year falling within a reference period, the date found in accordance with paragraph 10(4) or 24(4) (as the case requires);\n(c) for the first alternatively secured pension year, the date found in accordance with paragraph 13(1) or 27(1) (as the case requires) ; and\n(d) for each other alternatively secured pension year, the date found in accordance with paragraph 13(3) or 27(3) (as the case requires).\nIn sub-paragraphs (a) to (d) references to numbered paragraphs are to the paragraphs of Schedule 28 to the Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    },
    {
      "type": "substituted",
      "affecting": "uksi/2012/2940",
      "affecting_title": "The Registered Pension Schemes (Relevant Annuities) (Amendment) Regulations 2012"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2012/2940",
      "affecting_title": "The Registered Pension Schemes (Relevant Annuities) (Amendment) Regulations 2012"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    },
    {
      "type": "words omitted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    },
    {
      "type": "omitted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    },
    {
      "type": "inserted",
      "affecting": "uksi/2011/1751",
      "affecting_title": "The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/129/regulation/3",
    "retrieved_at": "2026-10-29T04:39:14.154031+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."
}