Your recognised overseas scheme transfer factor is calculated by dividing the amount of the sums and assets that you have transferred by the standard lifetime allowance as at the date of the transfer. But if any contributions made by or in respect of you to, or the accrual of your benefits under, the overseas pension scheme after 5 April 2006 received UK tax relief the amount transferred has to be reduced by the relevant relievable amount (see RPSM13200230).
| Glossary ( RPSM20000000) |
