(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)
Where a member who is entitled to continued rights which were
established following the first transfer as in
PSI14.1.34, subsequently transfers to
another scheme (whether or not the scheme is subject to statutory
override) in the circumstances set out in
PSI14.1.34, entitlement to continued
rights in the receiving scheme must be specifically agreed with
this Office. Further transfers in these circumstances similarly
require our agreement. Where the transfer is to a scheme subject to
statutory override, an application to this Office for a formal
direction under Regulation 11 SI 1988 No 1436 and/or Regiulation 8
SI 1990 No 2101 as appropriate will be necessary. Where the
transfer is to a scheme not subject to statutory override, an
application for an informal direction, given under our
discretionary powers by analogy to the aforementioned Regulations,
will be necessary. When you receive such an application, you should
proceed as instructed in
PSI22.4.50.
