PART 10Transfers

CHAPTER 2Transfers on a cash equivalent basis

SECTION 2Transfers out

Application for payment of a transfer value202

1

A person who is provided with a statement of entitlement may apply for a transfer value to be paid to the receiving scheme.

2

The application must—

a

be made within 12 months after the day on which P becomes subject to the receiving scheme

b

be by notice to the Department;

c

specify the pension scheme or other pension arrangement to which the transfer value is to be paid; and;

d

meet any other conditions the Department requires.