Payment of a club transfer value
This section has no associated Explanatory Memorandum
211.—(1) On receipt of the application, the scheme manager may pay a club transfer value in respect of P.
(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.
(3) If a transfer value payment is made in respect of a person’s rights under this scheme, those rights are extinguished.