RPSM14101090 - Technical Pages: Transfers: Recognised transfers from registered pension schemes: Transfers of pension rights which include contracted-out rights

Transfers of pension rights which include contracted-out rights

Although a transfer may be a recognised transfer for tax purposes, if there are contracted- out rights involved, Department for Work and Pensions (DWP) legislation provides that the transfer can only go ahead if the receiving scheme is eligible to hold those rights.