Regulation 196 Application for payment of a transfer valueI1

Scotland

(1)

A person who is provided with a statement of entitlement may apply for a transfer value to be paid to the receiving scheme.

(2)

The application must—

(a)

be made within 12 months after the day on which P becomes subject to the receiving scheme;

(b)

be by notice to the scheme manager;

(c)

specify the pension scheme or other pension arrangement to which the transfer value is to be paid; and

(d)

meet any other conditions the scheme manager requires.

Annotations