PSI14.2.38 - Transfer Payments: Benefits from Transfer Payments - Lump Sum Certificate

(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)

[PN10.30-31]

The administrator of the receiving scheme does not have to ask for a certificate stating the maximum lump sum payable when benefits are given on an added years basis (see PSI14.2.15). But a grant of added years lump sum benefits is not appropriate in respect of any part of a transfer subject to a NIL certificate.

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