Qualifying member’s right to a transfer paymentU.K.
5(1)When his qualifying service ends, a qualifying member acquires a right to the cash equivalent at the relevant date of any benefits—U.K.
(a)which have accrued to, or in respect of him, under the scheme; or
(b)where service of his in qualifying judicial office is disregarded service, which would have so accrued if his service in qualifying judicial office had ended on the same date as that on which his qualifying service ended.
(2)In this paragraph “the relevant date” means—
(a)the date when the qualifying member’s qualifying service ends, or
(b)the date of any application which he has made under paragraph 6 below and which has not been withdrawn,
whichever is the later.