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Regulation 2.22 Transfer values in

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

A payment representing the cash equivalent of a member’s accrued rights in any other qualifying scheme (as defined by paragraph 11(3) of schedule 2 to the 1993 Act) shall only be accepted by the scheme if it is from another voluntary contributions scheme and it is certified by the administrator of that scheme to derive from only the member’s own contributions to that scheme, and any transfer payment into that scheme, with any interest that may be payable.