# The Armed Forces Pension Scheme Order 2005, Paragraph 48: Club transfers in before 1st October 2023


(1) This paragraph applies in relation to each remediable club transfer value in respect of a member (“M”) which was accepted by the Scheme manager before 1st October 2023.
(2) The Scheme manager may accept an adjustment in the value of a remediable club transfer value—
(a) in respect of the remediable rights to which the remediable club transfer value relates, and
(b) which is made by the sending scheme pursuant to, or to provision made under, PSPJOA 2022.
(3) An adjustment accepted under sub-paragraph (2) is to be used for the purpose of determining M’s remediable benefits on the same terms as the remediable club transfer value mentioned in sub-paragraph (1).
(4) The Scheme manager must determine M’s remediable benefits as if the remediable club transfer value together with any adjustment accepted under sub-paragraph (2) were applied in respect of rights in—
(a) this Scheme;
(b) the reformed scheme.

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Source: https://www.legislation.gov.uk/uksi/2005/438/schedule/3/paragraph/48 (the official version)
Page: https://openlegislation.uk/armed-forces-pension-scheme-order-2005/schedule-3/paragraph-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.