RPSM14300120 - Scheme Administrator Pages: Transfers: Receiving a transfer payment in a registered pension scheme: Transfer is not from a pension scheme

Transfer is not from a pension scheme

You may accept a transfer of money or assets into your pension scheme which is from a source which is not a pension scheme, if your scheme rules allow this. This may be treated as a contribution to your pension scheme, and may qualify for tax relief.

How tax relief is obtained depends on how you operate your scheme and whether the member is an employee of a sponsoring employer in relation to your scheme.

(See page RPSM04302020).

Glossary ( RPSM20000000)