SCHEDULE 3Transitional provisions
PART 5Receipt of club transfer values for transition members
Member with full protection
21.
(1)
This paragraph applies if a full protection member of the existing scheme applies to the Department for a club transfer value to be accepted.
(2)
On receipt of the application, the Department must accept payment of the club transfer value if it is offered.
(3)
The club transfer value must be paid into the existing scheme.