The Teachers’ Pension Scheme Regulations 2014

SECTION 3 Transfers in

Application for acceptance of a club transfer value

212.—(1) A person (P) may apply for payment of a club transfer value to be accepted from another club scheme.

(2) The application must—

(a) be made within 12 months after the day on which P enters pensionable service under this scheme;

(b) be by written notice to the scheme manager;

(c) specify the pension scheme from which the club transfer value is to be received; and

(d) meet any other conditions the scheme manager requires.

Acceptance of a club transfer value

213.—(1) On receipt of an application, the scheme manager may accept payment of a club transfer value from another club scheme (“the sending scheme”) if—

(a) P has not reached 75;

(b) retirement benefits have not become payable to P under this scheme or under the sending scheme; and

(c) the sending scheme was a money purchase arrangement to which P’s previous employer made contributions.

(2) A transfer value payment in respect of any pension credit rights or pension credit benefits must not be accepted under this regulation.

Amount of club transfer earned pension

214.  The amount of club transfer earned pension a person is entitled to count under this Part is an amount determined by the scheme manager.