# The Armed Forces Pension Scheme Order 2005, Paragraph F.9: Acceptance of transfer value payments

Extent: E+W+S+N.I.

(1) Where an application is duly made by a member under rule F.7, the Scheme administrator may accept the transfer value payment if such conditions as the Secretary of State may require are met, unless paragraph (4) applies.
(2) If the Scheme administrator accepts the payment, the member is entitled to count the appropriate period of reckonable service for the purposes of the Scheme.
(3) In paragraph (2) “the appropriate period” means the period calculated in accordance with rule F.10.
(4) The Scheme administrator may not accept a transfer value payment if—
(a) it would be applied in whole or in part in respect of the member’s or the member’s spouse’s entitlement to a guaranteed minimum pension, and
(b) it is less than the amount required for that purpose, as calculated in accordance with guidance and tables prepared by the Scheme actuary for the purposes of this paragraph.
(5) Paragraph (4) does not apply if the payment is made under the public sector transfer arrangements.

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Source: https://www.legislation.gov.uk/uksi/2005/438/schedule/1/part/F/crossheading/transfers-in/paragraph/F.9 (the official version)
Page: https://openlegislation.uk/armed-forces-pension-scheme-order-2005/schedule-1/part-F/crossheading-transfers-in/paragraph-F.9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.