Transfer payments to money purchase contracted-out schemes and appropriate personal pension schemes in respect of section 9(2B) rights
10. A transfer payment in respect of an earner’s accrued section 9(2B) rights may be made to a money purchase contracted-out scheme or an appropriate personal pension scheme if—
(a)the earner consents in writing;
(b)if the transfer payment is to a money purchase contracted-out scheme, the earner—
(i)is employed by an employer who is a contributor to the receiving scheme, or
(ii)has previously been a member of the receiving scheme; and
(c)the transfer payment is applied so as to provide money purchase benefits under the receiving scheme for or in respect of the earner.