# The Superannuation (Local Government and Approved Employment) Interchange Rules 1969>, Paragraph 5: Computation of transfer value


A transfer value receivable under these rules in respect of a person who leaves approved employment in which he was a member of an approved pension scheme mentioned in the table in this schedule shall be an amount equal to his accrued pension rights, less any sum which the pension scheme trustees become liable to pay by way of income tax.

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Source: https://www.legislation.gov.uk/uksi/1969/997/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/superannuation-local-government-and-approved-employment-interchange-rules-1969/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.