# The Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000, Regulation 16: Transfer payments in respect of safeguarded rights—general

Extent: N.I.
Status: prospective

(1) A transfer of liability from—
(a) a salary related contracted-out scheme (or a scheme which has ceased to be a salary related contracted-out scheme), or
(b) a money purchase contracted-out scheme or an appropriate scheme (or a scheme which has ceased to be a money purchase contracted-out scheme or an appropriate scheme),
may give effect to the safeguarded rights of a person entitled to a pension credit by the making of a transfer payment to a scheme referred to in paragraph (2).
(2) A transfer payment in respect of safeguarded rights may be made to—
(a) an appropriate scheme;
(b) a money purchase contracted-out scheme;
(c) a salary related contracted-out scheme;
(d) a personal pension scheme which has ceased to be an appropriate scheme, or
(e) an occupational pension scheme which has ceased to be contracted-out,
in accordance with regulations 17 to 19 and no such transfer may be made otherwise.
(3) In this regulation and in regulations 17 to 19 a “transfer payment” means a transfer payment such as is described in this regulation.

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Source: https://www.legislation.gov.uk/nisr/2000/146/regulation/16 (the official version)
Page: https://openlegislation.uk/pension-sharing-pension-credit-benefit-regulations-northern-ireland-2000/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.