# The Teachers' Superannuation (Consolidation) Regulations 1988, Paragraph 4


Where—
(a) a transfer value is payable to the scheme managers of an approved superannuation scheme which is not a club scheme, and
(b) the service to which it relates includes service before 1st September 1988, and
(c) a right to a cash equivalent was acquired,
the amount of the transfer value is D—E, where—
D is the transfer value that would have been payable if paragraph 3 had applied, and
E is the amount of the cash equivalent.

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Source: https://www.legislation.gov.uk/uksi/1988/1652/schedule/12/paragraph/4 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-consolidation-regulations-1988/schedule-12/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.