{
  "url": "https://openlegislation.uk/teachers-pensions-regulations-1997/regulation-F2",
  "json_url": "https://openlegislation.uk/teachers-pensions-regulations-1997/regulation-F2.json",
  "legislation": "uksi/1997/3001",
  "legislation_title": "The Teachers' Pensions Regulations 1997",
  "legislation_url": "https://openlegislation.uk/teachers-pensions-regulations-1997",
  "path": "regulation/F2",
  "kind": "regulation",
  "number": "F2",
  "heading": "Amounts of transfer values and additional transfer values",
  "text": "(1) Part I of Schedule 12 has effect, subject to paragraphs (2) and (3), for determining the amounts of transfer values payable under regulation F1.\n(2) Unless the receiving scheme is a club scheme, where—\n(a) the person in respect of whom a transfer value is payable had become entitled to count reckonable service under regulation F4(8) (acceptance of transfer value), and\n(b) the amount determined in accordance with Part I of Schedule 12, together with that of any cash equivalent paid on the transfer, is less than the appropriate amount,\na transfer value of the appropriate amount is to be paid.\n(3) The appropriate amount is\nA+B-C, where—\nA is the transfer value accepted under regulation F4,\nB is the total of the contributions paid by the person under Part C, except any that fell to be treated for the purposes of regulation G2 as employers' contributions, and\nC is any cash equivalent paid on the transfer.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "added",
      "affecting": "uksi/2000/665",
      "affecting_title": "The Teachers' Pensions (Amendment) Regulations 2000"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/3001/regulation/F2",
    "retrieved_at": "2026-10-29T11:40:26.186253+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}