Regulation 150 Request for acceptance of a transfer paymentI1C1
England and Wales
P may by written notice to the scheme manager request that a transfer payment be accepted in respect of some or all of P’s accrued rights under another pension scheme.
A transfer payment request—
must specify—
the pension scheme from which the transfer payment is requested to be made, and
the anticipated amount of the transfer payment; and
subject to paragraph (3), must be made before the beginning of the period of one year ending with the date on which the member reaches normal pension age.
A request that a transfer payment be accepted from a non-occupational pension scheme must be made during the period of one year beginning with the day on which the member becomes an active member or such longer period as the scheme manager may allow.
On receiving a transfer payment request, the scheme manager may accept the transfer payment.
Annotations
Modifications
- C1
Reg. 150 applied (with modifications) (1.10.2023) by The Firefighters’ Pensions (Remediable Service) (Wales) Regulations 2023 (S.I. 2023/961), regs. 1(3), 46
Commencement
- I1
Reg. 150 in force at 1.4.2015, see reg. 1(2)