Paragraph F.2 Applications for statements of entitlement
United Kingdom
A member who requires a transfer value payment to be made must apply in writing to the Scheme administrator for a statement of the amount of the cash equivalent of the member’s accrued benefits under the Scheme at the guarantee date (“a statement of entitlement”).
In these Rules, “the guarantee date” means any date that—
falls within the required period,
is chosen by the Scheme administrator,
is specified in the statement of entitlement, and
is within the period of 10 days ending with the date on which the member is provided with the statement of entitlement.
In counting the period of 10 days referred to in sub-paragraph (d), Saturdays, Sundays, Christmas Day, New Year’s Day and Good Friday are excluded.
In paragraph (2) “the required period” means—
the period of 3 months beginning with the date of the member’s application for a statement of entitlement, or
such longer period (not exceeding six months beginning with that date) as may reasonably be required if, for reasons beyond the control of the Scheme administrator, the requisite information cannot be obtained to calculate the amount of the cash equivalent.
The member may withdraw the application for a statement of entitlement by notice in writing at any time before the statement is provided.
A member who—
has made an application for a statement of entitlement under this rule, and
has not withdrawn it,
may make only one other such application in the period of twelve months beginning with the date of the first application.
Notes on Schedule 1
Modifications
- C1
Schs. 1-3 modified (14.7.2026 for the tax year 2014-15 and subsequent tax years) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026 (S.I. 2026/673), regs. 1(2), 10