If the
member requests it, you may split the transfer
value and transfer each part to separate destinations.
The tax rules do not prohibit this or impose any special
conditions on the
scheme administrator dealing with a split
transfer. However, there may be Department for Work and Pensions
(DWP) legislation to take into account, if for example
contracted-out benefits are involved.
If any funds are transferred to any destination that is not a
registered pension scheme or a
qualifying recognised overseas pension scheme,
this may be an unauthorised payment (see
RPSM04104010).
Splitting pension rights on transfer may affect a member's
tax position if they have enhanced protection, (see page
RPSM03104090).
| Glossary ( RPSM20000000) |
