{
  "url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996/regulation-2",
  "json_url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996/regulation-2.json",
  "legislation": "uksi/1996/1462",
  "legislation_title": "The Contracting-out (Transfer and Transfer Payment) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/contracting-out-transfer-and-transfer-payment-regulations-1996",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "General",
  "text": "(1) A transfer or transfer payment from an occupational pension scheme of or in respect of the accrued rights of an earner to guaranteed minimum pensions may be made in accordance with whichever of regulations 3 to 6 is applicable and no such transfer or transfer payment may otherwise be made from such a scheme.\n(2) A transfer or transfer payment from an appropriate policy of or in respect of the accrued rights of an earner to guaranteed minimum pensions which are appropriately secured may be made in accordance with whichever of regulations 3, 5 or 6 is applicable and no such transfer or transfer payment may otherwise be made from such a policy.\n(3) A transfer of liability for the payment of guaranteed miniumum pensions to or in respect of any person who has become entitled to them may be made from an occupational pension scheme in accordance with whichever of regulations 3, 4 or 6A is applicable and no such transfer may be made otherwise.\n(3A) A transfer payment from an occupational pension scheme in respect of the payment of guaranteed minimum pensions to or in respect of a person who has become entitled to them may be made in accordance with regulation 6A and no such transfer payment may be made otherwise.\n(4) In regulations 3 to 6A “transfer\" means a transfer, of accrued rights or liability, such as is described in this regulation and “transfer payment\" means a payment in respect of the payment of guaranteed minimum pensions or a payment in respect of accrued rights such as is described in this regulation.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 2(3) substituted (3.7.2017) by The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017 (S.I. 2017/600), regs. 1, 2(3)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 2(3A) inserted (3.7.2017) by The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017 (S.I. 2017/600), regs. 1, 2(3)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in reg. 2(4) substituted (3.7.2017) by The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017 (S.I. 2017/600), regs. 1, 2(3)(c)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 2(4) inserted (3.7.2017) by The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017 (S.I. 2017/600), regs. 1, 2(3)(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1462/regulation/2",
    "retrieved_at": "2026-10-29T12:42:33.102286+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}