# The Personal Pension Schemes (Transfer Payments) (Amendment) Regulations 1989, Regulation 4: Amendments to the Principal Regulations


In regulation 3 of the Principal Regulations–
(a) in paragraph (1)(c) for the words “statutory scheme” there shall be substituted “relevant statutory scheme”, and
(b) for paragraph (2) there shall be substituted
“(2) A transfer payment shall comprise the whole of the accumulated fund held in connection with any arrangements made by the individual in accordance with the scheme except that, where the fund–
(a) includes protected rights, or
(b) has been, or will be, used to pay a personal pension protected rights premium,
the amount of the fund which represents those rights or has been, or will be, so used may be excluded.”

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Source: https://www.legislation.gov.uk/uksi/1989/1115/regulation/4 (the official version)
Page: https://openlegislation.uk/personal-pension-schemes-transfer-payments-amendment-regulations-1989/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.