The liabilities which are not to be assumed by independent trustees (see ¶389-030) or by scheme administrators appointed by such trustees (see ¶389-045), are;

liabilities in respect of payments made before the ‘relevant day’, being:

the short service refund charge (see ¶383-100);

the serious ill-health lump charge (see ¶383-120);

the special lump sum death benefits charge (see ¶383-150);

the authorised surplus payments charge (see ¶383-200);

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