The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005 and Regulation 21 sets out how this option may be exercised.

From 1 November 2018 up to and including 30 September 2019
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable

From 1 November 2017 up to and including 31 October 2018
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable

From 1 April 2015 up to and including 31 October 2017
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable

From 1 August 2012 up to and including 31 March 2015
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable

From 1 August 2011 up to and including 31 July 2012
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable
 
From 6 April 2010 up to and including 31 July 2011
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable
 
From 1 January 2009 up to and including 5 April 2010
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable
 
From 11 September 2006 up to and including 31 December 2008
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable
 
From 6 April 2005 up to and including 10 September 2006
Table 1: Cash commutation of pension – No spouse’s pension payable
Table 2: Cash commutation of pension – Half rate spouse’s pension payable