RPSM13100520 - Technical Pages: International:
Enhancement: Recognised overseas scheme transfer factor:
Other money purchase arrangement relevant relievable
amount
How to calculate the relevant relievable amount for an other
money purchase arrangement
Where the individual's arrangement under their
recognised overseas pension scheme is a
money purchase arrangement other than a
cash balance arrangement, the other money purchase
relevant relievable amount is calculated in the following way.
Establish the total amount of contributions made by or in
respect of the individual to the
other money purchase arrangement between the dates
determined under a. and b. below:
- the latest of the following dates:
- the date that the individual became
someone who is not a
relevant overseas individual (see
RPSM13100430)
- the date that benefits first began to
accrue to or in respect of the individual under the recognised
overseas pension scheme other money purchase arrangement, and
- 6 April 2006.
- the earliest of the following dates:
- immediately before the transfer was
made,
- the date that the individual ceased to be
someone who is not a relevant overseas individual, and
- the date that benefits ceased to accrue to
or in respect of the individual under the recognised overseas
pension scheme other money purchase arrangement.
If the individual had not been a relevant overseas individual
during another part of the
overseas arrangement active membership period (see
RPSM13100490) relating to the same
other money purchase arrangement then the amount calculated in the
same way in respect of that other part-period should be added to
the above amount.
RPSM13100530 gives an example.
