PSI14.2.18 - Transfer Payments: Benefits from Transfer Payments - Calculation of Lump Sum Certifiable

(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)

[PN16.9]

Where the transfer payment is fragmented for example, part is transferred to a personal pension scheme or a buy-out policy (see Section 4 of Part 13) and part to the occupational pension scheme of a new employer, a certificate should be given for each. The maximum amount certified in total must comply with the amount in PSI14.2.17and must be split proportionately to the amount of each transfer payment.

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