PART 10Transfers

CHAPTER 3Transfers in

Amount of transferred pension151.

(1)

This regulation applies in relation to—

(a)

any transfer payment received in relation to P from another pension scheme that is not a club scheme; and

(b)

a transfer payment in respect of added pension received in relation to P from another club scheme.

(2)

For the scheme year in which the transfer date falls, the amount of transferred pension P is entitled to count in respect of the transfer payment is—

(a)

the amount specified in the transfer statement; or

(b)

if such a statement is not provided or is not calculated in accordance with actuarial guidance, an amount calculated by the scheme manager in accordance with actuarial guidance.