PSI14.2.11 - Transfer Payments: Benefits from Transfer Payments - Transferred Benefits on a Money Purchase Basis - Effect Of Permitted Maximum On Transfer Payment

(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)

[M104]

Although it may have affected the amount of the transfer payment, the permitted maximum will have no direct impact on the amount payable under PSI14.2.10(b). The receiving scheme can provide whatever the transfer payment will buy.

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