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81A sum (a “transfer-in sum”) may be paid from another pension scheme into the Pension Fund in relation to a participating member if the following conditions are met—
The participating member gives the Fund trustees notice (a “transfer-in notice”) specifying—
the amount of the transfer-in sum, and
the pension scheme which is to make the payment.
|Condition 2||The transfer-in notice is given before the participating member’s 64th birthday.|
|Condition 3||The participating member has at least 3 months total reckonable service.|
The pension scheme which is to make the payment is—
registered for the purposes of Part 4 of the Finance Act 2004 (c. 12) (see section 150 of that Act), or
a qualifying recognised overseas pension scheme for the purposes of that Part (see section 169 of that Act).
|Condition 5||The transfer-in sum is the amount, if any, which requires to be applied in relation to any entitlement to a guaranteed minimum pension arising in respect of the transfer-in sum.|
|Condition 6||The transfer is not prohibited by rule 83.|
|Condition 7||Any condition imposed by the Fund trustees in relation to the transfer is met to their satisfaction.|
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