PSI14.1.15 - Transfer Payments: General - Block Transfers

(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)

[PN10.36]

Block transfers most commonly occur when groups of employees join a new scheme on the reorganisation of the employer's pension arrangements, or following a change in the ownership of a business. All such transfers must be reported to this Office using form PS295.