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Regulation 145 Amount of club transfer earned pensionI1

United Kingdom

(1)

This regulation applies in relation to a club transfer value payment received from another club scheme.

(2)

For the scheme year in which the transfer date falls, the amount of club transfer earned pension P is entitled to count is—

(a)

the amount specified in the club transfer value statement; or

(b)

if such a statement is not provided, an amount calculated by the scheme manager in accordance with actuarial guidance.

Annotations

Commencement

I1

Reg. 145 in force at 1.4.2015, see reg. 1(2)