TRANSFERS IN. Property may be transferred to the Account from another tax-free savings account of the Holder or of the Spouse or former Spouse of the Holder where:
(a) the Holder and Spouse or former Spouse are living separate and apart and the transfer is made under a decree, order or judgment of a competent tribunal or under a written separation agreement that relates to a division of property in settlement of rights arising out of, or on the breakdown of their marriage or common-law partnership; or
(b) the Holder is the Spouse’s survivor and the transfer occurs as a result of an exempt contribution as that term is defined in subsection 207.01(1) of the Act.
TRANSFERS IN. 5.1 With the agreement of ESL, you can transfer benefits from another registered pension scheme to your plan. You will not be able to transfer any defined benefits arrangements to your plan.
5.2 Subject to section 8.4, if you became entitled to drawdown pension on the death of a member under another registered pension scheme you can apply to transfer the entitlement into your plan for the purpose of continuation of drawdown pension. If ESL accepts the application you will be treated as a beneficiary.
5.3 You are responsible for ensuring that a transfer of benefits is in your best interests. Neither ESL nor the trustee provides advice and ESL's acceptance of any transfer is in no way an endorsement of the suitability for you of the transfer.
5.4 Transfers-in must be made by cash payment by direct credit and in sterling. Transfer Declaration
5.5 When making a transfer to the Moneyfarm Pension, you are required to make the following declarations to the provider of the transferring scheme (“the current provider”) and, where the context requires, to ESL: • I authorise and instruct you to transfer funds from the plan(s) as listed in my online application directly to ESL. Where you have asked me to give you any original policy document(s) in return for the transfer of funds and I am unable to do so, I promise that I will be responsible for any losses and/or expenses which are the result, and which a reasonable person would consider to be the probable result, of any untrue, misleading or inaccurate information deliberately or carelessly given by me, or on my behalf, either in this form or with respect to benefits from the plan. • I authorise you to release all necessary information to ESL to enable the transfer of funds to ESL. • I authorise you to obtain from and release to any financial intermediary named in this application any additional information that may be required to enable the transfer of funds. • If an employer is paying contributions to any of the plans as listed in my online application, I authorise you release to that employer any relevant information in connection with the transfer of funds from the relevant plan(s). • Until this application is accepted and complete, ESLʼs responsibility is limited to the return of the total payment(s) to the current provider(s). • Where the payment(s) made to ESL represent(s) all of the funds under the plan(s) listed in my online application, then payment made as requested will mean that I shall no longer be entit...
TRANSFERS IN. The 1985 group RRSP retirement income plan will be closed to contributions or transfers on and after January 1, 2003. In addition, with effect from January 1, 2003 the group RRSP will be closed to new members. A person who becomes an Employee of the Company may elect to make a single lump sum transfer of monies to the registered pension plan RPP - 2003 from his prior employer if allowed under the applicable rules of the respective plans. The amount transferred to this Plan will be administered in accordance with the rules of this Plan. Such employee will be considered a new hire for purposes of enrollment in the Plan and eligibility for Company contributions.
TRANSFERS IN. Where a transfer payment is received in respect of a Member from another scheme ("the transferring scheme") which includes accrued rights of the Member to a GMP (or includes protected rights in respect of which the receiving scheme will provide a GMP) the earnings factors used in calculating that GMP will normally be revalued using Section 148 Revaluation during the Member's Contracted-Out Employment, and 6.1 above will apply if that Contracted-out Employment ceases before State Pensionable Age. The Trustees may, however, decide, if the provisions of the transferring scheme so allow, to use either Limited Revaluation or Fixed Rate 68 Revaluation from the date on which the Member ceased to be in contracted-out employment by reference to the transferring scheme until the Member attains State Pensionable Age (or dies, if earlier) but:-
(1) Limited Revaluation may not be used as regards any part of the GMP being transferred which arose from contracted-out employment in relation to a previous scheme and which the transferring scheme is already revaluing by Fixed Rate Revaluation (or vice versa); and
(2) the Trustees may not make the decision if, on becoming a Member, the Member's contracted-out employment in relation to a previous scheme is treated as continuing for the purposes of the Act. Where, under this Rule 6.2, Limited Revaluation is to be used, the Trustees shall have power to pay out of the transfer payment in respect of that Member any limited revaluation premium payable as a result of the Member ceasing to be in contracted-out employment by reference to the transferring scheme. Where the Scheme accepts the proceeds of, or the assignment of, an insurance policy which consists of, or includes, accrued rights to GMP, the Trustees may use either Section 148 Revaluation or the method of revaluation that was in use under the policy (and condition (1) above applies).
TRANSFERS IN. Upon receiving a valid instruction from you to transfer an existing GIA you hold with another provider to Freetrade we will contact your provider within 3 business days to initiate the transfer. We will request your Securities in specie from your existing provider. Any Securities held in your existing GIA we are unable to transfer in specie can either be sold and transferred as cash or left with your current provider.
TRANSFERS IN. A person who becomes an Employee of the Company may elect to make a single lump sum transfer of monies to this plan from a tax-sheltered pension plan of his prior employer. The amount transferred to this Plan will be administered in accordance with the rules of this Plan. Such Employee will be considered a new hire for purposes of enrolment in the Plan and eligibility for Company contributions.
TRANSFERS IN. You may arrange for a transfer of any other pension arrangement you may have into your SIPP on the Platform, provided it is consistent with the transfer rules applicable to Registered Pension Schemes; specific regulatory requirements are in place in relation to some types of pensions, where advice is required prior to instigating a transfer. The ceding provider should be able to confirm whether this is required. Cash transferred in will not be available for investment until the TPPP is satisfied the transfer is acceptable and the cash has been received. The TPPP does not check transfers for suitability. It is you and your specialist Adviser’s responsibility to decide that the SIPP is suitable and appropriate to your needs.
TRANSFERS IN. Where a transfer payment is received in respect of a Member from another scheme (“the transferring scheme”) which includes accrued rights of the Member to a GMP (or includes protected rights in respect of which the receiving scheme will provide a GMP) the earnings factors used in calculating that GMP will normally be revalued using Section 148 Revaluation. The Trustees may, however, decide, if the provisions of the transferring scheme so allow, to use Fixed Rate Revaluation from the date on which the Member ceased to be in Contracted-out Employment by reference to the transferring scheme until the Member attains State Pensionable Age (or dies, if earlier). Where the Plan accepts the proceeds of, or the assignment of, an insurance policy which consists of, or includes, accrued rights to GMP, the Trustees may use either Section 148 Revaluation or the method of revaluation that was in use under the policy.
TRANSFERS IN. 15.1 The Trustee may accept transfers from other arrangements which consist of or include Pension Credit Rights or benefits derived therefrom where the transferring person is a Member or Ex-Spouse Participant under the Plan. That person shall then become an Ex-Spouse Participant in relation to the Pension Credit Rights transferred and the provisions of this Schedule shall apply as if the Pension Credit Rights transferred derived from benefits under the Plan. The Trustee shall, however, keep such Pension Credit Rights separately identified from any other rights of the person under the Plan. Where the Pension Credit Rights proposed to be transferred to the Plan consist of or include Safeguarded Rights, the Trustee may only accept the transfer of such rights while the Plan is a contracted out final salary scheme or a contracted out money purchase scheme as appropriate.
15.2 The Trustee may accept transfers from other arrangements where the benefit transferred has been reduced by a Pension Debit. Where applicable, the Trustee shall take account of the Pension Debit in the calculation of limits under Schedule 6 (Inland Revenue limits)
TRANSFERS IN. A Member who was an active member of a registered pension plan of another employer immediately prior to being employed by the University, within six months of starting at Trent University, may request a transfer of funds from the other employer's pension plan to the Plan in respect of the Member's period of service recognized and pension benefits earned under the other employer's pension plan. The transfer is subject to the terms of the other employer's pension plan and the Plan, the approval of the other employer and the University, and any requirements in the Income Tax Act and the Pension Benefits Act. The funds transferred to the Plan shall be used to credit additional Pensionable Service under the Plan for the Member, as calculated by the University, on the recommendation of the Actuary, whether the amount is transferred in from a defined benefit provision or a defined contribution provision. The amount of additional Pensionable Service shall not exceed the Member's period of service recognized under the other employer's pension plan.
