# The Protected Rights (Transfer Payment) Regulations 1987, Paragraph 1


The transfer payment is applied by the receiving scheme to provide money purchase benefits for or in respect of the member.

---
Source: https://www.legislation.gov.uk/uksi/1987/1118/schedule/3/paragraph/1 (the official version)
Page: https://openlegislation.uk/protected-rights-transfer-payment-regulations-1987/schedule-3/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.