(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)
[PN10.36]
Transfers to UK approved schemes should be unconditional and
should be made directly between schemes. We need to be satisfied
that the proposed transfer from the overseas scheme is not part of
a device to facilitate a transfer from an unapproved UK scheme to a
UK approved scheme. The practitioner should therefore show that the
transferring member has been employed for a significant period in
the overseas employment to which the transferable benefits relate.
A period of 2 or more years is acceptable. If less than 2 years,
submit to the Examiner (C2) to consider on the basis of the facts.
PN 10.36. sets out the basis for benefits derived from the transfer
payment.
