Paragraph 7
Unless the receiving scheme is a club scheme, where—
the person in respect of whom a transfer value is payable had become entitled to count reckonable service under regulation 35(6) (acceptance of transfer value), or 36(3) (acceptance of bulk transfer values), and
the amount determined in accordance with paragraph 3, 4, 5 or 6 (as appropriate) together with that of any cash equivalent paid on the transfer, is less than the appropriate amount,
a transfer value of the appropriate amount is to be paid.
The appropriate amount is A+B-C, where—
A is the transfer value accepted under regulation 35 or the relevant part of the transfer value accepted under regulation 36,
B 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 126 as employers' contributions, and
C is any cash equivalent paid on the transfer.