{
  "url": "https://openlegislation.uk/draft-judicial-pensions-regulations-2015/regulation-133",
  "json_url": "https://openlegislation.uk/draft-judicial-pensions-regulations-2015/regulation-133.json",
  "legislation": "ukdsi/2015/9780111124895",
  "legislation_title": "The Judicial Pensions Regulations 2015",
  "legislation_url": "https://openlegislation.uk/draft-judicial-pensions-regulations-2015",
  "path": "regulation/133",
  "kind": "regulation",
  "number": "133",
  "heading": "Transfer value payments made to other schemes or pension arrangements",
  "text": "(1) A transfer value payment may only be made in respect of the accrued rights to benefits of an active or deferred member of this scheme.\n(2) A transfer value payment may only be made to—\n(a) a registered pension scheme that is not a connected scheme; or\n(b) a pension arrangement that is a qualifying recognised overseas pension scheme for the purposes of Part 4 (pension schemes etc.) of FA 2004.\n(3) A transfer value payment may not be made in respect of rights that are attributable (directly or indirectly) to a pension credit.\n(4) A member may only require the scheme manager to use a transfer value payment in a way specified in section 95(2) (ways of taking right to cash equivalent) of PSA 1993.\n(5) The whole of the transfer value payment must be made in accordance with the provisions of this regulation.\n(6) If section 96(2) (further provisions concerning exercise of option under section 95) of PSA 1993 applies, benefits attributable to the following may be excluded from the transfer value payment—\n(a) the member’s accrued rights to a guaranteed minimum pension; or\n(b) the member’s accrued rights attributable to service in contracted-out employment, within the meaning of Part 3 (certification of pension schemes and effects on members’ state scheme rights and duties) of PSA 1993, on or after 6 April 1997.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 95(2) was amended by S.I. 2001/3649."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 96(2) was amended by the Pensions Act 1995 (c. 26) Schedule 5 paragraph 63, the Welfare Reform and Pensions Act 1999 (c. 30) Schedule 2 paragraph 3, the Pensions Act 2007 (c. 22) Schedule 4 paragraphs 1 and 29 and S.I. 2011/1730."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111124895/regulation/133",
    "retrieved_at": "2026-10-30T15:11:22.124988+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."
}