PSI14.2.25 - Transfer Payments: Benefits from Transfer Payments - Calculation of Lump Sum Certifiable - Transfers From Buy-Out Policies

(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)

The information in a buy-out policy should be sufficient for the Life Office to give any certificate required under PSI14.2.15and the transfer payment should be dealt with in the receiving occupational scheme in accordance with PSI14.2.20or 14.2.21 as appropriate. Any enquiries regarding transfers to or from buy-out policies and the terms of those policies and their endorsements should be referred to Standard Documents Section.

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