Part III Transfers in

Part III Transfers in

Application to accept payment into scheme

11

(1)     Where a member of a scheme has asked the appropriate Minister to accept a payment representing the cash equivalent of his accrued rights in any other qualifying scheme, that Minister may—

(a)     to the extent to which it does not exceed the prescribed limit, accept the payment or any part of it; or

(b)     refuse to accept the payment

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