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PART 10 E+WTransfers

CHAPTER 3E+WClub transfers

SECTION 3E+WTransfers in

Application for acceptance of a club transfer valueE+W

212.—(1) A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.

(2) The application must—

(a)be made within 12 months after the day on which P enters pensionable service under this scheme;

(b)be by written notice to the scheme manager;

(c)specify the pension scheme from which the club transfer value is to be received; and

(d)meet any other conditions the scheme manager requires.

Modifications etc. (not altering text)

Acceptance of a club transfer valueE+W

213.—(1) On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—

(a)P has not reached 75;

(b)retirement benefits have not become payable to P under this scheme or under the sending scheme; and

(c)the sending scheme was a money purchase arrangement to which P's previous employer made contributions.

(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.

Amount of club transfer earned pensionE+W

214.  The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.