SCHEDULES
C1SCHEDULE 2 Transfer of accrued benefits
Part III Transfers in
Application to accept payment into scheme
11
1
Where a member of a scheme has asked the appropriate Minister to accept a payment representing the cash equivalent of his accrued rights in any other qualifying scheme, that Minister may—
a
to the extent to which it does not exceed the prescribed limit, accept the payment or any part of it; or
b
refuse to accept the payment or any part of it.
2
A request under sub-paragraph (1) above must be made—
a
in writing;
b
before the person making it has reached normal pension age; and
c
not less than one year before he becomes entitled to a pension on retirement from his qualifying service.
3
In this paragraph—
“the prescribed limit” means the limit prescribed by regulations made by virtue of paragraph 13(a) below;
“qualifying scheme” means—
- a
an occupational pension scheme, a personal pension scheme, or an annuity purchased from an authorised F1insurer, which satisfies prescribed requirements; or
- b
other prescribed pension arrangements.
- a
Sch. 2 applied (with modifications) (31.3.1995) by 1967 c. 13, Sch.1 para. 4(1) (as substituted (31.3.1995) by 1993 c. 8, s. 25, Sch. 4 Pt. II para. 2; S.I. 1995/631, art. 2)
Sch. 2 applied (with modifications) (31.3.1995) by S.I. 1987/460 (N.I. 5), art.4A (as inserted (31.5.1995) by 1993 c. 8, s. 25, Sch. 4 Pt. IV para. 5(4); S.I. 1995/631, art. 2)
Sch. 2 applied (with modifications) (31.3.1995) by 1969 c. 10 (N.I.), Sch.1A para. 4(1) (as inserted (31.3.1995) by 1993 c. 8, s. 25, Sch. 4 Pt. V para. 6(6); S.I. 1995/631, art. 2)
Sch. 2 extended (with modifications) (16.7.1996) by S.I. 1996/1298 (N.I. 8), art. 5(4), Sch. 1 para. 6(2)(3)(4)
Sch. 2 extended (with modifications) (16.7.1996) by S.I 1996/1297 (N.I. 7), art. 4(4), Sch. 1 para. 6(2)(3)(4)