{
  "url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-172",
  "json_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-172.json",
  "legislation": "uksi/2014/512",
  "legislation_title": "The Teachers' Pension Scheme Regulations 2014",
  "legislation_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014",
  "path": "regulation/172",
  "kind": "regulation",
  "number": "172",
  "heading": "Amount of lump sum payable under regulation 171 instead of retirement pension",
  "text": "(1) This regulation applies to a member (P) who applies under regulation 171 to receive a lump sum instead of a retirement pension.\n(2) The amount of the lump sum payable to P is the total of—\n(a) for an age retirement pension, ill-health pension or total incapacity pension, a sum equal to 5 x the annual rate of the retirement pension, and\n(b) for a phased retirement pension that is already in payment, a sum equal to (A-B) x the annual rate of the phased retirement pension where—\nA is 5, and\nB is the period (in years and fractions of a year) from the date on which the phased retirement pension was first paid until the date of the application .",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Note: if this period is 5 years or more, no lump sum is payable in respect of the phased retirement pension."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/512/regulation/172",
    "retrieved_at": "2026-10-29T00:24:37.807691+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."
}