Amount of club transfer earned pensionN.I.
This section has no associated Explanatory Memorandum
153.—(1) This regulation applies in relation to a club transfer value payment received from another club scheme.
(2) For the scheme year in which the transfer date falls, the amount of club transfer earned pension P is entitled to count is—
(a)the amount specified in the club transfer value statement; or
(b)if that statement is not provided, an amount calculated by the scheme manager in accordance with actuarial guidance.