18.—(1) This paragraph applies if a tapered protection member or a transition member who is not a protected member applies to the scheme manager for a club transfer value to be accepted.
(2) On receipt of the application, the scheme manager must accept payment of the club transfer value if it is offered.
(3) Payment of the club transfer value—
(a)must be accepted into the existing scheme if the payment relates to pensionable service before the transition date;
(b)must be accepted into this scheme if the payment relates to pensionable service on or after the transition date.