Transfer Club and Annual Allowance Note - August 2016

Date published: 04 November 2016

Last updated: 16 May 2023

The Transfer Club is unique as an arrangement because the transfer value paid between the schemes does not fully reflect the value of benefits being transferred and members maintain salary and/or in-service revaluation links with the transfer. These features mean that further guidance is required to interpret the Order for years where the member takes a Club Transfer.

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