PSI13.2.6 - Withdrawal from Service: Refunds of Contributions - Leaving Scheme without Leaving Employment - Transfer Payments

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

[PN10.46]

Where a scheme has accepted a transfer value from a personal pension scheme or a retirement annuity contract and the benefits thereunder have arisen from employed rather than self-employed earnings, the member has a preserved benefit in the scheme even though he or she may not complete the 2 years' qualifying service referred to in PSI13.1.6. In these circumstances, the contributions to the personal pension scheme/retirement annuity contract and the scheme may not be refunded to the member.

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