PSI14.2.37 - Transfer Payments: Benefits from Transfer Payments - Transferred Benefits on an Added Years Basis

(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)

[PN10.27]

Some larger defined benefit schemes give "added years" instead of benefits on the money purchase basis described in PSI14.2.8-25. Where added years are given, the transfer monies should not be segregated from the main fund since the member will become entitled to benefits based on his or her final remuneration.

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