Regulation 41 Receipt of a transfer value paymentI1
United Kingdom
(1)
This regulation applies if a transfer value payment is received from another pension scheme (other than a connected scheme) in relation to an active member of this scheme.
(2)
On receiving the transfer value payment, the scheme manager must credit the active member’s account with the amount of transferred pension calculated under regulation F1152.
Annotations
Textual amendments
- F1
Word in reg. 41(2) substituted (with effect from 1.4.2015) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2018 (S.I. 2018/537), regs. 1(2)(b), 12