OpenLegislation

Paragraph 2 I1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where—

(a)

a transfer value is payable to the scheme managers of a club scheme or a personal pension scheme; or

(b)

a transfer value is payable to the scheme managers of an approved scheme which is not a club scheme and none of the service to which it relates is service before lst October 1990,

and no right to a cash equivalent was acquired, the transfer value is to be calculated on the cash equivalent basis.

Annotations

Commencement

I1

Sch. 6 Pt. 4 para. 2 in operation at 1.4.2006, see art. 1(2)