PART 10 N.I. Transfers

CHAPTER 2 N.I. Transfers on a cash equivalent basis

SECTION 2 N.I. Transfers out

Application for payment of a transfer value N.I.

202.—(1) A person who is provided with a statement of entitlement may apply for a transfer value to be paid to the receiving scheme.

(2) The application must—

(a) be made within 12 months after the day on which P becomes subject to the receiving scheme

(b) be by notice to the Department;

(c) specify the pension scheme or other pension arrangement to which the transfer value is to be paid; and;

(d) meet any other conditions the Department requires.