# The Teachers' Pension Scheme Regulations 2014, Regulation 211: Payment of a club transfer value

Extent: E+W

(1) On receipt of the application, the scheme manager must 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.

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Source: https://www.legislation.gov.uk/uksi/2014/512/regulation/211 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-211
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.