Regulation 211 Payment of a club transfer value
England and Wales
(1)
On receipt of the application, the scheme manager F1must pay a club transfer value in respect of P.
(2)
A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.
(3)
If a transfer value payment is made in respect of a person's rights under this scheme, those rights are extinguished.
Annotations
Textual amendments
- F1
Word in reg. 211(1) substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 24