- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
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F2.—(1) Part I of Schedule 11 has effect, subject to paragraphs (2) and (3), for determining the amounts of transfer values payable under regulation F1.
(2) Unless the receiving scheme is a club scheme, where—
(a)the person in respect of whom a transfer value is payable had become entitled to count reckonable service under regulation F4(8) (receipt of transfer value); and
(b)the amount determined in accordance with Part I of Schedule 11, together with that of any cash equivalent paid on the transfer, is less than the appropriate amount,
a transfer value of the appropriate amount shall be paid.
(3) For the purposes of paragraph (2) the appropriate amount is
A + B - C,
where—
A is the transfer value received under regulation F4;
B is the total of the contributions paid by the person under Part C, except any that fell to be treated for the purposes of regulation G2 as employers' contributions; and
C is any cash equivalent paid on the transfer.
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