{
  "url": "https://openlegislation.uk/national-health-service-superannuation-amendment-regulations-1987/schedule",
  "json_url": "https://openlegislation.uk/national-health-service-superannuation-amendment-regulations-1987/schedule.json",
  "legislation": "uksi/1987/2218",
  "legislation_title": "The National Health Service (Superannuation) Amendment Regulations 1987",
  "legislation_url": "https://openlegislation.uk/national-health-service-superannuation-amendment-regulations-1987",
  "path": "schedule",
  "kind": "schedule",
  "number": null,
  "heading": "SCHEDULE SUBSTITUTED FOR SCHEDULE 2 OF THE PRINCIPAL REGULATIONS",
  "text": "“SCHEDULE 2\nTHE CALCULATION OF TRANSFER PAYMENTS AND OF SERVICE TO BE CREDITED IN RESPECT OF TRANSFER PAYMENTS MADE TO THE SECRETARY OF STATE\nRegulations 21(4) and 80(1)\nPART I\nCALCULATION OF TRANSFER PAYMENT\n1 Subject to the provisions of paragraphs 2, 3, 4, 6 and 7, a transfer payment to be made in accordance with the provisions of regulation 80 in respect of a person shall be—\n(a) the capitalised value of his accrued rights and any associated rights under the Pensions (Increase) Act 1971 (as amended by the Pensions (Increase) Act 1974 (c. 9)), less a sum, if any, in respect of any state scheme premium which the Secretary of State has paid and not recovered in respect of a period of service included in the valuation of those rights; together with\n(b) where the transfer payment is, without reasonable excuse, not made within 6 months of the material date and it is not to be made to a statutory scheme (or a scheme being treated by the Secretary of State as a statutory scheme for the purposes of this Schedule)—\n(i) interest, if any, calculated on a daily basis over the period from the material date to the date on which the transfer payment is made, at the rate set out in regulation 4(4)(a) of the Occupational Pension Schemes (Transfer Values) Regulations 1985 or, if it is greater\n(ii) the amount by which the transfer payment falls short of what it would have been if the material date had been the date on which the transfer payment was made.\n2 In any case where the Secretary of State has directed that part of a person’s benefits under these Regulations shall be forfeited any transfer payment payable in respect of that person shall be reduced by the capitalised value of that part of those benefits.\n3 Where a person requests that a transfer payment be made to a superannuation scheme—\n(a) which is not contracted out within the meaning of section 32 of the Pensions Act;\n(b) the trustees or managers of that scheme are able or willing to have transferred to it only the liability for a member’s accrued rights other than his and his widow’s rights to guaranteed minimum pensions; and\n(c) he does not require the Secretary of State to use that portion of his transfer payment that represents his guaranteed minimum pensions in one of the ways specified in regulation 80(1),\nthen his transfer payment shall be reduced by the deduction of an amount sufficient for the Secretary of State to meet his liability in respect of that person’s and his widow’s guaranteed minimum pensions.\n4 In this Schedule—\n(a) “accrued rights” means the rights which have accrued in resect of a person under these Regulations at the material date, or which would have accrued in respect of him if the period of service necessary to satisfy the requirements of regulation 8(1)(a)(iv) had been the period which he had completed at that date;\n(b) “capitalised value” means actuarial value at the material date, expressed in terms of money having regard to investment conditions and the contingencies on which benefits are, or are to be, payable under these Regulations;\n(c) “material date” means the date on which the person left employment in which he was an officer or, if it is later, the date on which he made an application which he has not subsequently withdrawn for a transfer payment; and\n(d) “state scheme premium” means a state scheme premium under Part III of the Pensions Act.\n5 Where one or more transfer payments have been made to the Secretary of State in respect of a member any transfer payment made by him shall be at least equal to the aggregate of those transfer payments and any contributions made by that person under regulation 7, 25 or 27, except where it falls to be made to a statutory scheme, (or a scheme being treated by the Secretary of State as a statutory scheme for the purposes of this Schedule).\n6 A transfer payment made under this Schedule shall be at least equal in amount to the cash equivalent, if any, to which a person would otherwise be entitled to under Part II of Schedule 1A to the Pensions Act.\nPART II\nCALCULATION OF CREDITED SERVICE AND CREDITED PRACTITIONER'S REMUNERATION\n7 Where a transfer payment has been made to, and accepted by, the Secretary of State, there shall be credited to the officer in respect of whom the payment was made—\n(a) in the case of an officer who is not a practitioner a period of contributing service calculated in accordance with paragraph 8; and\n(b) in the case of an officer who is a practitioner a period of contributing service and an associated amount of remuneration calculated in accordance with paragraph 9.\n8 For the purposes of paragraph 7(a) (contributing service to be credited to an officer who is not a practitioner)—\n(a) where the transfer payment—\n(i) is made by the trustees or managers of a statutory scheme, or any other scheme which is at the appropriate date treated by the Secretary of State as a statutory scheme for the purposes of this Schedule,\n(ii) represents all of the officer’s accrued rights in that scheme, and\n(iii) has been calculated in a manner consistent with the methods adopted and assumptions made by the Secretary of State in determining the amount of transfer payments to be made to schemes which are, or which fall to be treated as, statutory schemes under Part I of this Schedule,\nthe period of contributing service to be credited to the officer shall be equal to the period of service which if used to calculate a transfer payment to a superannuation scheme which is, or which falls to be treated as, a statutory scheme under Part I of this Schedule would produce an amount equal to the transfer payment received by the Secretary of State, and in making the calculation regard shall be had to the officer’s age, rate of pensionable pay, marital status and, in addition, to any other factor notified to the Secretary of State by the trustees or managers of the scheme making the payment as having been taken into account in determining its amount; and\n(b) in any other case the period of contributing service credited to the officer shall be calculated in a manner consistent with the methods adopted and assumptions made by the Secretary of State in determining the amount of transfer payments to be made to superannuation schemes (which do not fall to be treated as statutory schemes) under Part I of this Schedule, due allowance being given for the expected increase in the average remuneration of an officer of the same age as the officer in question between the material date and the date on which the particular officer in respect of whom the transfer payment was made would attain the age of 60 years.\n9 (1) For the purposes of paragraph 7(b) the period of contributing service credited to an officer who is a practitioner shall be equal to—\n(a) in the case of a transfer payment made by an insurance company—\n(i) where the payment is in respect of all of the officer’s rights as secured by the appropriate policy, the period of service which gave rise to such of his accrued rights which were initially secured by it, and\n(ii) where the payment represents part only of his rights, that period of service shall be reduced proportionally; and\n(b) in any other case, the period of service which was taken into account by the trustees or managers of the superannuation scheme making the payment in determining the amount of it.\n(2) For the purposes of paragraph 7(b)—\n(a) the amount of associated remuneration to be credited to an officer who is a practitioner shall be of an amount which, using the rate of pension accrual applicable to an officer who is not such a practitioner, would produce an accrued pension under these Regulations equal in value to the transfer payment received by the Secretary of State, and the manner in which that amount is calculated shall be consistent with the methods to be adopted and the assumptions to be made by the Secretary of State—\n(i) in a case where the transfer payment is made by a scheme which is a statutory scheme, or any other scheme which is at the appropriate date treated by the Secretary of State as a statutory scheme for the purposes of this Schedule, under paragraph 8(a), and\n(ii) in any other case under paragraph 8(b);\n(b) remuneration credited in accordance with paragraph (a) of this sub-paragraph shall be added to the officer’s remuneration for the financial year in which the appropriate date falls, and in this regard no account shall be taken of the limit on the remuneration of dental practitioners mentioned in regulation 69; and\n(c) no remuneration other than that specified in this sub-paragraph shall be credited to the officer as a result of the contributing service credited to him in consequence of the transfer payment in question.\n10 In this part of this Schedule—\n(a) “appropriate date” means the date on which the person in respect of whom the transfer payment is made became such an officer, or if the transfer payment is received more than 12 months after that date, the date on which it is received; and\n(b) “associated remuneration” means the amount of remuneration to be credited to an officer who is a practitioner and which is associated with the period of contributing service credited to that officer as a result of a transfer payment.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2218/schedule",
    "retrieved_at": "2026-10-29T16:14:18.795864+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}