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 Glossary   >   S   >   "Section 32 transfer" Definition   

        Section 32 transfer

A reference to section 32 of the Finance Act 1981 which defined the original legislation allowing a person to transfer a payment representing pension benefits from a previous employer (that is, from an occupational pension scheme) to a personal pension plan operated by an insurance company (with approved pension schemes) of the person"s choice.

Section 32 transfer


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Section 32 transfer - A reference to section 32 of the Finance Act 1981 which defined the original legislation allowing a person to transfer a payment representing pension benefits from a previous employer (that is, from an occupational pension scheme) to a personal pension plan operated by an insurance company (with approved pension schemes) of the person"s choice.


Section 32 transfer : a reference to section 32 of the finance act 1981 which defined the original legislation allowing a person to transfer a payment representing pension benefits from a previous employer (that is, from an occupational pension scheme) to a personal pension plan operated by an insurance company (with approved pension schemes) of the person"s choice.