RPSM14301040 - Scheme Administrator Pages: Transfers: Making a transfer from a registered pension scheme: What can be transferred - transfer of part of a member's rights

What can be transferred - transfer of part of a member's rights

If the member requests it, and this is allowed under your scheme's rules, you may transfer only part of a member's pension rights from your scheme.

A transfer of part of a member's pension rights in a registered pension scheme leaving the remaining rights in the scheme is a recognised transfer providing

• it is made to either another registered pension scheme or a qualifying recognised overseas pension scheme, and
• the pension rights are uncrystallised.

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).

There may be Department for Work and Pensions (DWP) legislation to take into account, if for example contracted-out benefits are involved.