Your scheme's rules may contain requirements concerning transfer
payments which you should take account of when dealing with a
transfer into your scheme.
The contents of this part of the manual are based on HMRC
rules. The scheme rules may not allow all the options described in
the HMRC rules.
If a scheme
member or potential member, another
pension scheme, or anyone else contacts you to
make a transfer into your
registered pension scheme, you should first check
that the proposed transfer does not contravene your scheme rules.
Then, unless your scheme is a stakeholder pension scheme, you
should decide whether or not to accept the transfer. If your scheme
is a stakeholder pension scheme, you must accept the transfer.
You should then take account of HMRC rules in deciding what
action you need to take once you have accepted the transfer.
| Glossary ( RPSM20000000) |
