PART 4Pension accounts

CHAPTER 3Pension accounts: general

Closure of pension accounts on transfer out or repayment of balance of contributions49.

All pension accounts relating to a member (P) (other than a pension credit member's account) must be closed if—

(a)

a transfer payment is made respect of P's accrued rights under this scheme; or

(b)

P is repaid the balance of contributions under regulation 189.