Regulation 205 Payment of a club transfer valueI1
Scotland
(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. 205(1) substituted (1.4.2015) by The Teachers’ Pension Scheme (Scotland) Amendment Regulations 2015 (S.S.I. 2015/97), regs. 1, 24
Commencement
- I1
Reg. 205 in force at 1.4.2015, see reg. 1(2)(b)