# The Teachers' Pension Scheme Regulations 2014, Regulation 213: Acceptance of a club transfer value


(1) On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—
(a) P has not reached 75;
(b) retirement benefits have not become payable to P under this scheme or under the sending scheme; and
(c) the sending scheme was a money purchase arrangement to which P's previous employer made contributions.
(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.

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Source: https://www.legislation.gov.uk/uksi/2014/512/regulation/213 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-213
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.