Regulation 153 Amount of club transfer earned pension

(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 that statement is not provided, an amount calculated by the scheme manager in accordance with actuarial guidance.