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Paragraph 8 Applications for acceptance of transfer value payment from another scheme

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

(1)

Subject to the provisions of this Part, a firefighter member may apply for a transfer value payment in respect of some or all of the rights that have accrued to or in respect of the firefighter member under–

(a)

another occupational pension scheme registered under Chapter 2 of Part 4 of the Finance Act 2004; or

(b)

an arrangement that is a qualifying recognised overseas pension scheme for the purposes of that Partf1; or

(c)

a personal pension scheme,

to be accepted by the authority for the purposes of this Scheme.

(2)

Paragraph (1) does not apply to rights that are directly referable to a pension credit.

(3)

Paragraph (1) does not apply if the member is on unpaid leave that does not count as pensionable service.

Annotations

Footnotes

f1

See section 169(2) of the Finance Act 2004 (c. 12).