Paragraph 3 I1
Northern Ireland Not yet in force
Where—
a transfer value is payable to the scheme managers of an approved superannuation scheme which is not a club scheme; and
the service to which it relates includes service before 1st March 1989; and
no right to a cash equivalent was acquired,
the amount of the transfer value is the total of
where—
-
A is a notional transfer value, calculated on the cash equivalent basis, in respect of the person’s service after 28th February 1989;
-
B is a notional transfer value, calculated on the cash equivalent basis, in respect of his service before 1st March 1989; and
-
C is a notional transfer value, calculated as if Schedule 6 to the 1977 Regulations, as in operation on 28th February 1989, had continued in operation, in respect of his service before 1st March 1989.
Annotations
Commencement
- I1
Sch. 11 para. 3 in operation at 2.11.1998, see reg. A1