Although a transfer may be a
recognised transfer for tax purposes, if there are
contracted- out rights involved, Department for Work and Pensions
(DWP) legislation provides that the transfer can only go ahead if
the receiving scheme is eligible to hold those rights.
If your pension rights include contracted-out rights, you should find out before requesting that the transfer goes ahead whether the scheme you wish to transfer to can hold contracted-out rights.
|Glossary ( RPSM20000000)|