Regulation 5C

an amount of money is transferred from a member’s ordinary account or special account (called in this regulation Account A) to the member’s retirement account under section 15(6) or (6CA) of the Act;

the whole or part of the transferred amount in sub‑paragraph (a) is then restored from the member’s retirement account to Account A under section 13(7H) of the Act or paid from the member’s retirement account to one or more accounts under section 13(7HA) or (7HB) of the Act;

the restored amount in sub‑paragraph (b) is then transferred —

to the retirement account of a relevant individual under section 18(1)(a) or (2)(a) of the Act; or

to the special account of a relevant individual under section 18(3)(a) of the Act; and

the transferred amount in sub-paragraph (c), or the balance of that amount, is then —

credited to Account A under section 19(2) or 19A(2) of the Act as in force immediately before 1 April 2022; (ii)refunded to Account A under section 19(1) of the Act as in force on or after 1 April 2022 or section 19D(2) or (7)(a) of the Act; or

paid to the member’s retirement account under section 19(2A) of the Act.

the shortfall in the retirement sum applicable to the member; (b)the credited or refunded amount.