Your scheme's rules may contain requirements concerning transfer
payments which you should take account of when dealing with a
transfer out of 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 by
the HMRC rules.
If a scheme
member, another
pension scheme, or anyone else contacts you to
make a transfer from your
registered pension scheme, you should first check
that the proposed transfer does not contravene scheme rules. Unless
the scheme is a stakeholder pension scheme, you must then decide if
the proposed transfer can go ahead.
You should then take account of HMRC rules in deciding what
action you need to take in connection with the transfer. The
Department for Work and Pensions (DWP) may also have
requirements.
| Glossary ( RPSM20000000) |
